ILJIN Electric

To enhance shareholder value through the return of profits, ILJIN Electric determines dividends by comprehensively considering business performance, future growth investments, cash flow, financial structure, and dividend stability. In January 2022, ILJIN Electric announced a mid-term dividend policy to enhance transparency and predictability for shareholders. Accordingly, for the fiscal years 2022 to 2024, dividends have been determined based on consolidated financial statements. ILJIN Electric has faithfully implemented its plan to return at least 10% of net income (excluding one-off, non-recurring gains) to shareholders. For the fiscal year 2024, the dividend per share was KRW 2,090. The cash dividend payout ratio stood at 11.0%, marking seven consecutive years of increase since 2018. Starting in 2025, ILJIN Electric plans to gradually raise the payout ratio under a strengthened dividend policy, with the goal of achieving a 20% payout ratio by 2030. In 2024, ILJIN Electric continued to promote institutional improvements and initiatives aimed at strengthening shareholder rights and enhancing corporate value. At the Annual General Meeting of Shareholders in March 2024, the company amended its Articles of Incorporation to improve the dividend process, allowing shareholders to choose whether to receive dividends after the dividend amount has been finalized. In November 2024, ILJIN Electric announced a Corporate Value Enhancement Plan, presenting its mid- to long-term growth vision and a new shareholder return policy aimed at increasing corporate value.