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

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