Return to Shareholder / Dividends

Shareholder Payout Policy

We consider the long-term return of profits to shareholders to be one of our most important management priorities. Accordingly, we have set a target dividend payout ratio of approximately 40%, taking into account the need to strengthen our corporate structure, support future business development, and increase retained earnings. With respect to retained earnings, we are committed to deploying these funds from a medium- to long-term strategic perspective. Our focus will be on the recruitment and development of promising talent, as well as the exploration of new markets and the development of innovative products. Through these initiatives, we aim to drive proactive business expansion, enhance our organizational improvement, and reinforce our competitive edge, thereby contributing to the enhancement of corporate value. Furthermore, it is our policy to maintain a total shareholder return ratio of 50% or higher, and accordingly, we intend to implement agile share repurchase programs.

Splits

There is no stock split.

Dividends

 

(Yen)

	2022/3 *	2023/3 *	2024/3 *	2025/3 *	2026/3 *
Interim dividend	21.0	29.0	34.0	34.0	36.0 (plan)
Year-end dividend	29.0	39.0	34.0	38.0	36.0 (plan)
Dividends per share	50.0	68.0	68.0	72.0	72.0 (plan)
Payout ratio [%]	28.9	37.0	38.2	37.9	38.4 (plan)

*　(Consolidated)