Shareholder Returns
Dividend policy
The Company strives to sustain business growth through the creation of customer value. While the top priority is on strategic investment in growth, the Company also seeks to optimize the capital structure and to proactively provide shareholders with returns as appropriate given the business environment.
To ensure stable and continuous returns to shareholders' equity, the Company will pay stable dividends with a minimum dividend on equity (DOE) of 3%. By setting a minimum DOE of 3%, the Company aims to absorb the impact of earnings fluctuations to a certain extent, clearly demonstrate a responsible level of returns to shareholders' equity, and sharpen management’s focus on capital efficiency. The Company also intends to more actively reward shareholders by agilely purchasing treasury shares as warranted by factors such as share price and the capital situation.
Date of record and payment
The company basically pays dividends twice a year (interim and year-end).
| Interim dividend | Year-end dividend | |
|---|---|---|
| Date of record | End of September | End of March |
| Date of payment | End of November | End of June |
Dividends and Consolidated Payout Ratio
| Business term | Interim dividend | Year-end dividend | Total | DOE*1 | Dividend payout ratio (Consolidated) *2 |
|---|---|---|---|---|---|
| Fiscal year ended March 2027 | ¥40.00 (Forecast) | ¥40.00 (Forecast) | ¥80.00 (Forecast) | 3% (Forecast) | - |
| Fiscal year ended March 2026 | ¥37.00 | ¥37.00 (Forecast) | ¥74.00 (Forecast) | - | 40.4% (Forecast) |
| Fiscal year ended March 2025 | ¥37.00 | ¥37.00 | ¥74.00 | - | 38.2% |
| Fiscal year ended March 2024 | ¥37.00 | ¥37.00 | ¥74.00 | - | 54.2% |
| Fiscal year ended March 2023 | ¥31.00 | ¥41.00 (Regular dividend ¥31.00) (Commemorative dividend ¥10.00) |
¥72.00 (Regular dividend ¥62.00) (Commemorative dividend ¥10.00) |
- | 36.3% |
| Fiscal year ended March 2022 | ¥31.00 | ¥31.00 | ¥62.00 | - | 34.2% |
*1 Total dividends / Equity attributable to owners of the parent company.Indicator applied from the fiscal year ended March 2027.
*2 Calculated based on the amount obtained by deducting an amount equivalent to the statutory effective tax rate (30%) from business profit.Indicator applied through the fiscal year ended March 2026.
Acquisition of Treasury Shares
| Repurchase period | Repurchase method | Total number of shares purchased | Total repurchase amount |
|---|---|---|---|
| July 18, 2024 to February 17, 2025 (on an execution base) |
Purchase on the Tokyo Stock Exchange (By securities company using discretionary method) | 11,372,200 | 29,999,999,800 yen |
| May 20, 2022 to January 16, 2023 (on an execution base) |
Purchase on the Tokyo Stock Exchange (By securities company using discretionary method) | 14,612,500 | 29,999,962,900 yen |
| May 7, 2019 to August 9, 2019 (on an execution base) |
Purchase on the Tokyo Stock Exchange (By securities company using discretionary method) | 6,210,600 | 9,999,888,400 yen |
| May 2, 2016 to June 30, 2016 (on an execution base) |
Purchase on the Tokyo Stock Exchange (By securities company using discretionary method) | 5,370,000 | 9,987,101,600 yen |
| November 17, 2011 | Purchase through the off-auction own share repurchase trading system (ToSTNeT-3) on the Tokyo Stock Exchange | 20,250,000 | 19,521,000,000 yen |
Shareholder Benefit Program
No shareholder benefit program is currently offered.
Official Account
