Investor Presentaiton

Review of the Shareholder Returns Policy Current ✓ Total payout ratio of at least 50% of cumulative net income excluding inventory impact in FY23-25 ✓ Provide stable dividends of ¥120/share Stronger focus on return on capital and shareholder return Revised ✓ Total payout ratio of at least 50% of cumulative net income excluding inventory impact in FY23-25 • • Dividends: Increase to ¥160/share and set this as the minimum Acquisition of treasury shares: Execute in a flexible manner while monitoring the stock price ■ Shareholder returns in FY2023 • Dividends: ¥160/share • idemitsu (total payout ratio of around 50% in FY23 single) Acquisition of treasury shares: ¥35 billion Copyright Idemitsu Kosan Co., Ltd. All Rights Reserved. (о

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