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Investor Relations
Shareholder Returns
Dividend Policy
The Company regards the return of profits to shareholders as one of its key management priorities, with the aim of maximizing shareholder value. Dividends are determined after comprehensively considering business performance, the operating environment, and the need to maintain a strong balance sheet, in line with the Company’s fundamental policy of maintaining stable dividends over the medium to long term.
Decision-Making Body and Record Dates
Year-end dividends are resolved at the General Meeting of Shareholders, with March 31 as the record date, and interim dividends are resolved by the Board of Directors, with September 30 as the record date. Dividends are paid to shareholders and registered pledgees whose names are recorded in the shareholders’ register as of each record date.
Dividends
Dividend Payments
(As of March 31, 2026)
| Cash dividends per share | Total dividends paid (Annual) (Millions of yen) |
Payout ratio (Consolidated) (%) |
|||
|---|---|---|---|---|---|
| Interim (Yen) | Year-end (Yen) | Total (Yen) | |||
| FY2027 (Forecast) | 17.00 | 25.00 | 42.00 | – | 45.6% |
| FY2026 | 17.00 | 24.00 | 41.00 | – | 49.9% |
| FY2025 | 17.00 | 23.00 | 40.00 | – | 46.9% |
| FY2024 | 17.00 | 22.00 | 39.00 | – | 44.6% |
| FY2023 | 16.00 | 20.00 | 36.00 | 1,296 | 48.1% |
Share Repurchase
We repurchase shares to enhance shareholder returns and improve capital efficiency, while maintaining flexibility for potential future share exchanges.
| Acquisition Period | Number of Shares Acquired | Amount of Acquisition (Yen) |
|---|---|---|
| FY2026 | 1,184,800 shares | ¥1,499,956,800 |
| FY2025 | 0 shares | ¥0 |
| FY2024 | 1,498,000 shares | ¥1,999,963,500 |
| FY2023 | 420,000 shares | ¥380,750,700 |