Shareholder Return Information
Shareholder Return Policy
Our shareholder return policy in the Medium-Term Management Plan 2026 and thereafter are as follows:
- Pay dividends and repurchase our shares in a flexible and agile manner with a total payout ratio of 40% or higher; and
- Further improve dividend stability and increase dividends in line with profit growth through progressive dividend payments*1.
- Dividends in FY2025 Considering the full-year consolidated earnings forecast for FY2025 of 570.0 billion yen, we plan to increase the FY2025 dividend by 10 yen per share compared to the previous fiscal year to a total of 140 yen per share.
- Share repurchases in FY2025 On May 1, 2025, we decided to execute a share repurchase with an upper limit of JPY 80.0 billion (including JPY 20.0 billion for additional shareholder returns for FY2024 and JPY 60.0 billion for shareholder returns for FY2025), during the period from May 2, 2025 to March 31, 2026. We completed the share repurchase on February 19, 2026. For further details, please refer to the release issued on February 20, 2026 titled “Notice Regarding the Progress of Share Repurchases, Completion and Number of Treasury Stock Shares to be Cancelled.”
*1 Dividends to be maintained or increased.
Dividend per Share
| For the years ended March 31 | Cash dividends per share (Total) | Interim | Year-end |
|---|---|---|---|
| FY2016 | 50yen | 25yen | 25yen |
| FY2017 | 62yen | 28yen | 34yen |
| FY2018 | 75yen | 37yen | 38yen |
| FY2019 | 80yen (ordinary didivend 70yen＋ 100 anniversary commemorative dividend 10yen) |
45yen (ordinary dividend 35yen＋ 100 anniversary commemorative dividend 10yen) |
35yen (ordinary dividend 35yen) |
| FY2020 | 70yen | 35yen | 35yen |
| FY2021 | 110yen | 45yen | 65yen |
| FY2022 | 115yen | 57.5yen | 57.5yen |
| FY2023 | 125yen | 62.5yen | 62.5yen |
| FY2024 | 130yen | 65yen | 65yen |
| FY2025 | 140yen (Forecast)*2 | 70yen | 70yen (Forecast)*2 |
*2 For details, please see "Shareholder Return Policy" at the top of this page.
Progress of the Share Repurchases
| Period for repurchases | Total number of shares to be repurchased | Aggregate repurchases amount*3 |
|---|---|---|
| From Feb. 7, 2023 to Apr. 28, 2023 | 21,268,200 shares | 50.0 billion yen |
| From May 10, 2023 to Jun. 9, 2023 | 7,478,000 shares | 20.0 billion yen |
| From May 7, 2024 to Jun. 17, 2024 | 12,288,300 shares | 50.0 billion yen |
| From May 2, 2025 to Feb. 19, 2026 | 17,714,775 shares | 80.0 billion yen |
*3 Amounts of less than hundred million yen are rounded off.
Cancellation of Treasury Stock
| Cancellation period | Number of shares |
|---|---|
| Jun. 2, 2023 | 21,268,200 shares |
| Jul. 24, 2023 | 7,478,000 shares |
| Aug. 28, 2024 | 12,288,300 shares |
| Apr. 10, 2026 (plan) | 16,714,775 shares |
