Dividend Policy
We prioritize allocating cash flows generated by our business to growth investments for sustainable growth, strengthening our business foundation over the medium to long term and improving capital efficiency, ultimately aiming to contribute to a sustainable increase in corporate value. Furthermore, our basic policy for shareholder returns is to aim for a consolidated dividend payout ratio of 30% or more and a DOE of 3.5% or more, with stable, progressive increases based on our financial position after growth investments and future investment plans. By leveraging these two pillars, we aim to achieve comprehensive profit returns.
Our basic policy is to pay dividends from surplus twice a year: an interim dividend and a final dividend. The Board of Directors decides on both interim and final dividends. Our Articles of Incorporation stipulate that we may pay interim dividends.
The annual dividend forecast for the fiscal year ending March 2026 is 43 yen, marking the 22nd consecutive year of dividend increases.
Record date for dividends of surplus
Year-end dividend: March 31st every year
Interim dividend: September 30th every year
Dividend Trends
|
86th term
2021 |
87th term
2022 |
88th term
2023 |
89th term
FY2024 |
90th term (planned)
FY2025 |
| Interim dividend |
End of September 2021
15 yen |
End of September 2022
20 yen |
End of September 2023
12 yen |
End of September 2024
16 yen |
End of September 2025
21 yen |
| Year-end dividend |
End of March 2022
21 yen |
End of March 2023
12 yen
(24 yen *) |
End of March 2024
15 yen |
End of March 2025
20 yen |
End of March 2026
22 yen |
| Annual dividend |
36 yen |
32 yen
(44 yen *) |
27 yen |
36 yen |
43 yen |
*Converted before stock split
(Note) The Company conducted a 2-for-1 stock split of its common stock, effective January 1, 2023. For fiscal year 2022, the interim dividend amount is listed before the split, and the year-end dividend amount is listed after the split.
Dividend per share (yen)
