Stock Information
Dividends
The Transition in Dividends Per Share
| Cash Dividends per Share (annual) |
Interim Dividends | Year-end Dividends | Payout Ratio | |
|---|---|---|---|---|
| FY 2005 | ー | 60 | 60 | ー |
| FY 2006 | 50 | 30 | 80 | 30.6% |
| FY 2007 | 30 | 30 | 60 | 34.8% |
| FY 2008 | 30 | 15 | 45 | ー |
| FY 2009 | 15 | 15 | 30 | ー |
| FY 2010 | 15 | 15 | 30 | 37.3% |
| FY 2011 | 20 | 20 | 40 | 24.5% |
| FY 2012 | 20 | 20 | 40 | 46.1% |
| FY 2013 | 20 | 20 | 40 | 29.2% |
| FY 2014 | 20 | 20 | 40 | 31.6% |
| FY 2015 | 20 | 20 | 40 | ー |
| FY 2016 | 20 | 20 | 40 | 174.7% |
| FY 2017 | 20 | 20 | 40 | 34.0% |
| FY 2018 | 20 | 20 | 40 | 105.0% |
| FY 2019 | 20 | 20 | 40 | 355.0% |
| FY 2020 | 20 | 20 | 40 | 68.2% |
| FY 2021 | 10 | 20 | 30 | 553.2% |
| FY 2022 | 20 | 20 | 40 | 25.2% |
| FY 2023 | 20 | 39 | 59 | 28.4% |
| FY 2024 | 23 | 27 | 50 | 33.2% |
| FY 2025 | 25 | 27 | 52 | 24.8% |
Basic Policy on Profit Distribution Including Dividends
The Company positions the return of profits to shareholders as an important management issue. The basic policy for shareholder returns is to maintain a total return ratio of 50% or more, taking into account the optimal balance between investment for business growth and capital efficiency improvement. With regard to dividends, the Company has set a dividend policy of DOE (Dividend on equity ratio) 3% or more as an indicator for achieving stable dividends and determine the specific dividends amount while also considering the results of past dividends. Also, as a way for
shareholder returns, the Company will determine share buy-back flexibly, taking into account business performance trend and stock market trend.
For dividends from retained earnings for the fiscal year ending March 31, 2026, annual dividends per share is scheduled to be ¥55 (of which, ¥27 for interim dividends) equivalent to DOE 3% in accordance with the above basic policy for shareholder returns. With regard to year-end shareholder returns, the Company will calculate the amount of shareholder returns in accordance with the profit level at the timing when the business performance of the fiscal year ending March 31, 2026 has been determined, and return the amount to shareholders through dividends or share
buy-back.