As follows, the Board of Directors of Aeon Mall Co., Ltd. resolved on this day (April 11, 2018) to make revision to its dividend policy, and with record date February 28, 2018, to pay (increased) dividends from retained earnings. The Company considers the return of profits from enhanced earning capacity to its shareholders an important management policy, and while it regards the provision of a continuously stable dividend to shareholders as important, has a basic policy of also investing retained earnings to strengthen the Company's business foundation via bolstering of growth businesses, new business and management structures. FY2017 was the first year of the Company's FY2017-2019 medium-term business plan, which contains initiatives not only to reform existing business models, but also to establish new models for growth. `Capturing Asian Growth Opportunities' has been one key focus and reflecting the fact that overseas business has reached a cash flow generative stage, the company have decided to revise dividend policy and raise target consolidated payout ratio from `20% or higher' to `25% or higher'. In accordance with the above-mentioned policy, given that net income attributable to owners of the parent exceeded targets, it was resolved at April 11, 2018 Board of Director Meeting to raise the year-end dividend per share, initially forecast at ¥16 (+¥2.5 YoY), to ¥19 (+¥3 YoY). Adding this to the interim (2Q-end) dividend of ¥16, the company arrive at an annual dividend per share of ¥35 (+¥8 YoY), equivalent to a consolidated payout ratio of 26.1%. Annual dividends of ¥38 per share (+¥3 YoY), equivalent to a consolidated payout ratio of 27.0%, are planned for FY2018.