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.
Projected full-year dividends for the fiscal year ending March 31, 2027, are ¥55 per share (¥27 for interim and ¥28 for year-end dividends) provisionally calculated based on DOE of 3%, which is expected to result in total shareholder returns of approximately ¥11.2 billion by the Company. For reference, projected full-year return to shareholders totaled ¥16.2 billion calculated based on a total return ratio of 50% as net income attributable to owners of parent is ¥32.5 billion based on the forecast of consolidated financial results for the fiscal year ending March 31, 2027, released today.
*Actuals of the total return to shareholders and its return method possibly changes by the progress of businessperformance of the Group.