Shareholder Return Policy
We consider the distribution of profits to shareholders to be an important responsibility, and dividends are determined by comprehensively taking into account factors such as the results of each fiscal year, the continuity of stable dividends, and internal reserves for future business development. In addition, we have adopted a progressive dividend policy under which dividends are maintained or increased and, in principle, never reduced.
Under the Medium-Term Management Plan "Transform Our Future 2030" (FY2026-FY2030), taking into account the increase in operating cash flow and the total amount of capital investment over the five-year period, we have set a management target of maintaining a total payout ratio of 70% or higher in each fiscal year.
| FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 （Expected） |
||
|---|---|---|---|---|---|---|---|
| Dividend Per Share(yen) | 1Q | - | - | - | - | - | - |
| 2Q | 7.00 | 9.00 | 9.00 | 45.00 | 12.00 | 15.00 | |
| 3Q | - | - | - | - | - | - | |
| FY-End | 9.00 | 9.00 | 9.00 | 10.00 | 16.00 | 15.00 | |
| Total | 16.00 | 18.00 | 18.00 | - | 28.00 | 30.00 | |
| Amount of Dividends(million yen) | 1,866 | 2,311 | 2,286 | 2,400 | 3,469 | - | |
| Payout Ratio(%) | 19.8 | 21.0 | 29.9 | 23.3 | 22.5 | 25.3 | |
| Ratio of Total Amount of Dividends to Net Assets(%) | 2.3 | 2.4 | 2.2 | 2.1 | 2.9 | - | |
Five-for-one stock split of common stock, effective October 1, 2024. Earning per share is calculated on the assuming that the stock split was implemented at the beginning of the previous fiscal year.