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 FY2024 and FY2025
Profit attributable to owners of the parent in FY2024 was 561.9 billion yen, and we plan to pay an annual dividend of 130 yen per share, as previously announced at the time of the FY2024 third-quarter financial result announcement (February 4, 2025). The interim dividend for the fiscal year was 65 yen per share, and accordingly, the year-end dividend will be 65 yen per share. 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 FY2024 and FY2025
On May 2, 2024, we decided to execute a share repurchase (from May 7 to July 19, 2024) up to 50.0 billion yen as a form of shareholder returns for FY2024, and the share repurchase was completed on June 17, 2024. In addition, on May 1, 2025, we decided to execute a share repurchase (from May 2, 2025 to March 31, 2026) of up to 80.0 billion yen, of which 20.0 billion yen will be allocated as additional shareholder returns for FY2024 and 60.0 billion yen as shareholder returns for FY2025.

*1 Dividends to be maintained or increased.

Dividend per Share

*2 For details, please see "Shareholder Return Policy" at the top of this page.
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 (Forecast)*2 130yen (Forecast) 65yen 65yen (Forecast)
FY2025 (Forecast)*2 140yen (Forecast) - -
*2 For details, please see "Shareholder Return Policy" at the top of this page.

Progress of the Share Repurchases

Period for repurchases  Method of repurchases   Total number of shares to be repurchased   Aggregate repurchases amount*3 
From Feb. 7, 2023 to Apr. 28, 2023 Purchase on the TSE 21,268,200 shares 50.0 billion yen
From May 10, 2023 to Jun. 9, 2023 Purchase on the TSE 7,478,000 shares 20.0 billion yen
From May 7, 2024 to Jun. 17, 2024 Purchase on the TSE 12,288,300 shares 50.0 billion yen
From May 2, 2025 to May. 31, 2026 - 35,000,000 shares (maximum) 80.0 billion yen (maximum)
*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
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