Dividend

We aim to mid to long term increase the stock price and pay dividends consistently.

Dividend Policy

CyberAgent considers the return of earnings to shareholders to be a top management priority. In addition to increasing the stock's value over the medium to long-term through business growth and improvements in capital efficiency, we intend to pay dividends continuously. Therefore, we set DOE of 5% or more as a management guidance in fiscal 2017.

Year-end Dividend

According to the DOE 5% management guidance, the year-end dividend for FY 2025, ended September 2025, is 17 yen. The FY 2026 dividend forecast is set at 19 yen*.

Fiscal Year	Dividend per Share
FY2026	19 yen*
FY2025	17 yen*
FY2024	16 yen

*We plan to discuss a surplus disposal plan at the annual General meeting of Shareholders.

Dividend History and Forecast

*Total dividend Amount: We plan to discuss a surplus disposal plan at the annual General meeting of Shareholders to be held in December 2025.

Share Buyback and Cancellation

We had implemented four share buybacks and cancellations in the past.

Transaction Period	Purchase Method	Amount
February 1, 2013, to February 7, 2013	Purchase in the open market	4.99 billion yen
October 28, 2011, to October 31, 2011	Purchase in the open market	1.99 billion yen
November 14, 2007, to November 15, 2007	Purchase in the open market	0.99 billion yen
February 27, 2002, to September 17, 2002	Purchase in the open market	1.5 billion yen