Shareholder Returns
Dividend policy
The Company strives to sustain business growth through the creation of customer value and to generate stable cash flow by improving profitability and using management resources efficiently. While the top priority is on strategic investment in growth, the Company also actively returns profits in parallel with its efforts to build a robust financial structure that is capable of withstanding changes in the business environment.
In line with this policy, the Company has set a consolidated dividend payout ratio in the range of 40% as a medium-term target, the ratio based on profit after an amount equivalent to the statutory effective tax rate is deducted from business profit, a profit category that shows profit from the Company's main operations (and which is very similar to operating income under Japanese accounting standards, both conceptually and numerically). The Company intends to be more active in giving back to shareholders by agilely purchasing treasury shares as warranted by share price, the capital situation, and other factors.
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 | Dividend payout ratio (Consolidated) * |
|---|---|---|---|---|
| Fiscal year ended March 2025 | ¥37.00 (Forecast) | ¥37.00 (Forecast) | ¥74.00 (Forecast) | - |
| 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% |
| Fiscal year ended March 2021 | ¥31.00 | ¥31.00 | ¥62.00 | 49.7% |
| Fiscal year ended March 2020 | ¥31.00 | ¥31.00 | ¥62.00 | 75.0% |
| Fiscal year ended March 2019 | ¥31.00 | ¥31.00 | ¥62.00 | 40.7% |
* Calculated based on the amount obtained by deducting an amount equivalent to the statutory effective tax rate from business profit
Acquisition of Treasury Shares
| Repurchase period | Repurchase method | Total number of shares purchased | Total repurchase amount |
|---|---|---|---|
| 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
