Investor Relations

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)

(%)

Dividend payout ratio
Interim
Year-end

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(Yen)
  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.