Dividend Policy

Basic policy on profit distribution, and dividends for this term and next term

The company has positioned dividends as an important issue in management and has a basic policy of returning profits continuously and stably in consideration of its financial situation and earnings trend.
 
The company will enhance opportunities for returns by paying dividends of surplus funds twice a year as an interim dividend and as a term-end dividend. In addition to investments aimed at the sustainable growth of existing business, we will use retained earnings for growth investment in new areas where market expansion is expected. Further, we consider the acquisition of treasury stock to be one of the measures for returning profits to shareholders and will consider the flexible implementation of such measures in accordance with the market environment.
 
1.Dividend for the fiscal year ended March 2024
At the 114th Annual General Meeting of Shareholders held on June 27, 2024, the term-end dividend was 32 yen per share. We paid an annual dividend of 64 yen per share, with an interim dividend of 32 yen per share and a term-end dividend of 32 yen per share.
 
2.Dividend for the fiscal year ending March 2025
Also, with regard to dividends next term, we are planning to enhance the interim dividend and pay an annual dividend of 70 yen per share, with an interim dividend of 35 yen per share and a term-end dividend of 35 yen per share.

 *This forecast is based on information available as of May 9, 2024, and there may be differences between this forecast and the actual dividend due to various later factors.
 

Changes in Dividends

FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
(Expected)
Dividend Per Share(yen) 1Q ------
2Q 0.000.0030.0030.0032.0035.00
3Q ------
FY-End 32.0060.0030.0032.0032.0035.00
Total 32.0060.0060.0062.0064.0070.00
Amount of Dividends(million yen) 3,0765,7685,7065,8015,989-
Payout Ratio(%) 14.522.433.730.6139.730.0
Ratio of Total Amount of Dividends to Net Assets(%) 3.25.04.44.24.2-
  • On October 1, 2017, the company consolidated its common stock at the rate of 10 shares to one.
    On April 1, 2021, the company implemented a stock split of five shares per ordinary share.
    Annual dividends are presented retroactively for the prior years.

Share Buyback

Period of Acquisition

Method of Acquisition

Total Number of Shares Acquired

Total Amount Paid for Acquisition

May 10, 2024
to May 31, 2024

Market purchase on the Tokyo Stock Exchange

502,800

JPY 1,345,880,945

June 1, 2024
to June 30, 2024

Market purchase on the Tokyo Stock Exchange

411,000

JPY 1,114,421,092

July 1, 2024
to July 31, 2024

Market purchase on the Tokyo Stock Exchange

453,600

JPY 1,304,512,341

August 1, 2024
to August 31, 2024

Market purchase on the Tokyo Stock Exchange

919,400

JPY 2,289,174,092

September 1, 2024
to September 30, 2024

Market purchase on the Tokyo Stock Exchange

420,500

JPY 1,144,207,850

 

 

Previous Share Buyback

Period of Acquisition

Method of Acquisition

Total Number of Shares Acquired

Total Amount Paid for Acquisition

May 14, 2021
to August 31, 2021

Market purchase on the Tokyo Stock Exchange

1,038,100

JPY 1,999,894,567

May 13, 2022
to October 31, 2022

Market purchase on the Tokyo Stock Exchange

1,639,000

JPY 2,999,813,881