(As of May 11, 2026)
The Company considers returning profits to shareholders as a priority management policy and follows a basic policy of maintaining stable dividends while strengthening its corporate structure by improving profitability. Based on this basic policy, we have set a consolidated dividend payout ratio of approximately 50%* and a minimum dividend on equity (DOE) ratio of 5%. The Company also considers repurchasing outstanding shares as an effective method for returning profits to shareholders, and intends to flexibly implement repurchase programs while taking into account the business environment and the company’s financial status.
- Dividend policy implemented in fiscal 2023. The previous dividend policy was based on one-third or more of profits (consolidated dividend payout ratio of 33%).
Management distributed dividends amounting to ¥85 per share (including an interim dividend of ¥37.0) for the fiscal year ending March 2026. As a result, the consolidated dividend payout ratio for the fiscal year ending March 2026 was 50.2%, and the dividend on equity (DOE) ratio was 7.9%.
The Company has a basic policy of distributing surplus dividends twice annually in the form of interim and year-end dividend payments. The General Meeting of Shareholders decides the amount of the year-end dividend, and the Board of Directors decides the amount of the interim dividend.
The Company’s Articles of Incorporation stipulate that interim dividends may be distributed by resolution of the Board of Directors.
| FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | FY2027 （Expected） |
||
|---|---|---|---|---|---|---|---|
| Dividend Per Share(yen) | 1Q | - | - | - | - | - | - |
| 2Q | 20.00 | 22.50 | 25.00 | 30.00 | 37.00 | 44.00 | |
| 3Q | - | - | - | - | - | - | |
| FY-End | 25.00 | 27.50 | 28.00 | 38.00 | 48.00 | 48.00 | |
| Total | 45.00 | 50.00 | 53.00 | 68.00 | 85.00 | 92.00 | |
| Amount of Dividends(million yen) | - | - | - | - | - | - | |
| Payout Ratio(%) | 39.6 | 41.4 | 50.2 | 50.2 | 50.2 | 50.0 | |
| Ratio of Total Amount of Dividends to Net Assets(%) | 5.9 | 5.9 | 5.8 | 7.0 | 7.9 | - | |
|
Acquisition period (contract basis) |
Acquisition method |
Total number of shares acquired |
Total value of acquisition |
|
May 11, 2023 to November 15, 2023 |
Market purchase on the Tokyo Stock Exchange |
1,433,700 shares |
¥1,999,857,343 |
- Data for fiscal 2013 onward
The Company does not have a shareholder benefit program.