Distribution of Profits to Shareholders and Dividends

Recognizing profit distribution to shareholders as one of its vital management goals, Santen will continue executing appropriate, performance-based dividend payments, while making sure to increase its capital efficiency, invest in R&D projects that will help enhance its corporate value, and retain earnings for the development of its future growth strategies. Santen will also consider repurchasing or retiring its own stocks in a timely manner.
In its Articles of Incorporation, Santen states its decision to pay interim dividends.
Dividend payout levels will be determined by the Board of Directors for the interim dividend and by the General Meetings of Shareholders for the year-end dividend.