INVESTOR RELATIONS
Return to Shareholders (Dividends, etc.)
Basic Policies Regarding Distribution of Profits and Dividends
In its Medium-Term Management Plan 2030, which begins in the fiscal year ending March 31, 2026, the Company has adopted a basic policy on shareholder returns of increasing earnings per share through sustainable profit growth and enhancing shareholder returns accordingly.
As a specific return policy, the Company aims to maintain a dividend payout ratio of 35% or more through the fiscal year ending March 31, 2028, and to continue its policy of progressive dividends.
The Company pays dividends of surplus twice a year, consisting of an interim dividend and a year-end dividend. The interim dividend is determined by the Board of Directors, while the year-end dividend is subject to approval by the General Meeting of Shareholders.
For the fiscal year ended March 31, 2025, the Company has decided to pay a dividend of ¥36.5 per share, including an interim dividend of ¥17.0 per share.
Internal reserves will be used primarily as investment capital for future business development plans, with the goal of enhancing corporate value.
Changes to Dividend per Share
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(Yen)
(%)
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| FY2015 | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Interim | 6.5 | 6.5 | 7.0 | 7.5 | 8.0 | 8.0 | 8.0 | 9.0 | 14.0 | 17.0 |
| Year-end | 5.5 | 6.5 | 7.5 | 8.0 | 8.0 | 8.0 | 9.0 | 14.5 | 17.0 | 19.5 |
| Total | 12.0 | 13.0 | 14.5 | 15.5 | 16.0 | 16.0 | 17.0 | 23.5 | 31.0 | 36.5 |
| Dividend payout ratio (%) | 25.4 | 25.1 | 25.1 | 27.3 | 29.8 | 53.1 | 34.8 | 35.0 | 32.2 | 33.6 |
There were no stock splits during above period.
Treasury Stock by Fiscal Year
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| FY2020 Mar-31, 2021 |
FY2021 Mar-31, 2022 |
FY2022 Mar-31, 2023 |
FY2023 Mar-31, 2024 |
FY2024 Mar-31, 2025 |
|
|---|---|---|---|---|---|
| Treasury Stock Acquired (Shares) | 2,187 | 2,205 | 2,019 | 1,674 | 1,395 |
| Treasury Stock at Fiscal Year-End (Shares) | 274,292 | 26,339 | 28,082 | 29,703 | 31,083 |
There were no treasury shares acquired that were retired during the above period.