Investor Relations


Return to Shareholders (Dividends, etc.)

Basic Policies Regarding Distribution of Profits and Dividends

Based on the long-term vision “GROUP VISION 2030,” which began in the fiscal year ended March 31, 2022, the Company will increase earnings per share over the medium to long term through growth investment, such as medium- and long-term business development including development in the Greater Shibuya area, and increase shareholders’ value while maintaining a basic policy of returning profits created to our shareholders. Regarding the return of profits, the Company is targeting a dividend payout ratio of 30% or more for the time being and will strive to continue providing stable dividends while comprehensively taking into consideration our business results, future business environment, financial condition and other factors.

Profit attributable to owners of parent for FY2023 was ¥68.5 billion. After considering that this amount exceeds the full-year forecast of ¥62.0 billion announced in May 2023 and taking into account the outlook for the business environment, the Company will increase the year-end dividends by ¥3.0 per share from the existing forecast to ¥17.0 per share, making annual dividends of ¥31.0 per share at a dividend payout ratio of 32.2%. For the next fiscal year, the Company plans to pay second quarter-end dividends of ¥16.0 per share and year-end dividends of ¥16.0 per share for total annual dividends of ¥32.0 per share with the dividend payout ratio of 32.6%.

Changes to Dividend per Share



Dividend payout ratio

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  2020/3 2021/3 2022/3 2023/3 2024/3
Interim 8.0 8.0 8.0 9.0 14.0
Year-end 8.0 8.0 9.0 14.5 17.0
Total 16.0 16.0 17.0 23.5 31.0
Dividend payout ratio (%) 29.8 53.1 34.8 35.0 32.2

There were no stock splits during above period.

Acquisition of Treasury Stock, etc.

Fiscal 2022

  • Acquires pursuant to resolutions passed at the general meeting of shareholders.
    Not applicable
  • Acquires pursuant to resolutions passed by the board of directors
    Not applicable
  • Items not based on board of directors' resolutions or resolutions passed at the general meeting of shareholders

    Treasury stock acquired in the current fiscal year

    Year Number of shares
    Fiscal 2022 2,019

    Total number of treasury shares held

    Accumulated Number of shares
    Fiscal 2022 (as of March 2023) 28,082