Shareholder Returns
Dividend Policy
We consider the appropriate return of profits to our shareholders to be a key management policy.
Our basic policy is to continue paying stable dividends while expanding our growth businesses and improving the profitability of our core businesses.
For the fiscal year ending in March 2027 and beyond, we are making profitability improvements our top priority.
At the same time, we have changed our dividend policy for shareholders from "a dividend of at least 80 yen per share" to "a target DOE (dividend on equity) of 4.0%" in order to review our equity capital levels and aim for further improvements in capital efficiency.
Please refer to the "Notice Concerning Change in Dividend Policy" which was announced on May 13, 2026, for details.
In light of the change in dividend policy above, we plan to calculate the dividend based on the earnings forecast for the relevant fiscal year.
We will use a DOE target of 4.0% and pay a year-end dividend of 260 yen per share.
| FYE 3/2022 | FYE 3/2023 | FYE 3/2024 | FYE 3/2025 | FYE 3/2026 | FYE 3/2027 （Forecast） |
|
|---|---|---|---|---|---|---|
| Dividend per share（Yen） | 50.00 | 50.00 | 55.00 | 80.00 | 160.00 | 260.00 |
| Total dividend payment（Millions of yen） | 674 | 667 | 706 | 996 | 1,934 | ― |
| Dividend Payout Ratio（％） | 35.3 | 53.4 | 39.7 | 37.2 | 38.9 | ― |
※Breakdown of the Year-End Dividend for the Fiscal Year Ended in March 2024: - Ordinary Dividend: 50.00 yen - Special Dividend: 5.00 yen
Breakdown of the Year-End Dividend for the Fiscal Year Ended in March 2025: - Ordinary Dividend: 50.00 yen - Special Dividend: 30.00 yen
Breakdown of the Year-End Dividend for the Fiscal Year Ended in March 2026: - Ordinary Dividend: 80.00 yen - Special Dividend: 80.00 yen
