Shareholder Returns
Policy on Shareholder Returns
The Company recognizes that the distribution of profits to shareholders and the enhancement of corporate value through sustainable growth are the most important sections of its management. Based on the recognition that profit distribution is an important item in our capital policy, our basic policy is to continue to pay stable dividends while balancing the need for investment funds to strengthen our future business foundation to support sustainable growth and the need for retained earnings to strengthen our financial base.
For the fiscal year ending Mar 31, 2025 and beyond, in line with our Long-term Vision and new Medium-term Management Plan, our policy is to enhance Shareholder Returns based on profits generated by our business to improve capital profitability, along with reinvestment for further growth. In terms of Shareholder Returns, the Company aims to continue to increase dividends in excess of profit growth and to achieve a dividend payout ratio of 35% or more.
It is also the Company's policy to repurchase treasury stock as circumstances allow.
Dividend per share
Interim dividend | Year-end dividend | Annual dividend | Dividend payout ratio | |
---|---|---|---|---|
Year ending Mar 31, 2025 (Forecast) |
50 yen | 55 yen | 105 yen | 30.0% |
Year ending Mar 31, 2024 | 45 yen | 49 yen | 94 yen | 28.6% |
Year ending Mar 31, 2023 | 41 yen | 41 yen | 82 Yen | 26.8% |
Year ending Mar 31, 2022 | 39 yen | 39 yen | 78 yen | 25.1% |
Year ending Mar 31, 2021 | 36 yen | 36 yen | 72 yen | 23.7% |
Dividend record date
Shareholders must be registered in the shareholders' register by the dividend record date to receive dividends.
Year-end dividend: March 31
Interim dividend: September 30
Registered shareholders will receive dividend-related documents from the shareholder registry administrator (Mitsubishi UFJ Trust and Banking Corporation, Securities Agent Department) after the dividend amount is determined.
Acquisition of treasury stock
Period of acquisition | Method of acquisition | Total number of shares repurchased | Total amount repurchased |
---|---|---|---|
Jul 30, 2024 - Feb 17, 2025 | Market purchase on the Tokyo Stock Exchange | 1,170,600 shares | 4.9 billion yen |
Oct 29, 2021 - Dec 23, 2021 | Off-Auction purchase transaction (TosTNeT-3) Market purchase on the Tokyo Stock Exchange | 700,000 shares | 3.4 billion yen |