Nippon Yusen Kabushiki Kaisha informs that payment of dividends from retained earnings based on March 31, 2022 has been resolved at the Board of Directors meeting held on May 9, 2022. This will be proposed at the 135th Ordinary General Meeting of Shareholders scheduled on June 22, 2022. Dividend per share: JPY 1,250.00.

Total dividend amount: JPY 211,935 million. Effective date: June 23, 2022. NYK Line has designated the stable return of profits to shareholders as one of the most important management priorities, and generally targeting a dividend payout ratio of 25%, the profit distribution is decided after comprehensively taking into account the business forecast and other factors.

At the same time, based on an ongoing minimum dividend that is not affected by the business results, an annual dividend of JPY 20.00 per share has been set as the minimum dividend for the time being. March 2022), will only issue a dividend. The year-end dividend which was previously announced as JPY 1,000.00 per share was resolved as JPY 1,250.00 per share.

As a result, a full-year dividend including the interim dividend of JPY 200.00 per share, will be JPY 1,450.00 per share. Above will be implemented subject to the resolution at the 135th Ordinary General Meeting of Shareholders scheduled on June 22, 2022.