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.
*1 Dividends to be maintained or increased.
- Dividends in the current and next fiscal years Profit attributable to owners of the parent in FY2025 was 600.3 billion yen, and we plan to pay an annual dividend of 150 yen per share for FY2025, representing an increase of 10 yen from the dividend forecast announced on May 1, 2025 at the time of the FY2024 financial results announcement. The interim dividend for the current fiscal year was 70 yen per share, and accordingly, the year-end dividend will be 80 yen per share. In addition, for the purpose of increasing the liquidity of our shares and further expanding our investor base, we plan to conduct a share split at a ratio of four shares for each share of our common stock, with an effective date of July 1, 2026. Considering that the forecast of consolidated financial results for FY2026 is 630.0 billion yen, we plan to pay an annual dividend of 40 yen per share for FY2026 on a post-share split basis (160 yen, an increase of 10 yen from the previous fiscal year on a pre-share split basis).
- Share repurchases in the current and next fiscal years 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), and the share repurchase was completed on February 19, 2026. In addition, on May 1, 2026, we decided to execute a share repurchase (from May 7, 2026 to March 31, 2027) of up to 80.0 billion yen, of which 10.0 billion yen will be allocated as additional shareholder returns for FY2025 and 70.0 billion yen as shareholder returns for FY2026.
Dividend per Share*2
*2 Pre-split basis.
*3 For details, please see "Shareholder Return Policy" at the top of this page.
Note: Each share of common stock owned by shareholders listed or recorded in the register of shareholders on the record date of Jun. 30, 2026 will be split into fourshares.
| 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 | 150yen (Forecast)*2 | 70yen | 80yen (Forecast)*2 |
| FY2026 (Forecast) | 160yen*2 *3 | 80yen*2 *3 | 80yen*2 *3 |
*2 Pre-split basis.
*3 For details, please see "Shareholder Return Policy" at the top of this page.
Note: Each share of common stock owned by shareholders listed or recorded in the register of shareholders on the record date of Jun. 30, 2026 will be split into fourshares.
Progress of the Share Repurchases
| Period for repurchases | Total number of shares to be repurchased | Aggregate repurchases amount*4 |
|---|---|---|
| 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 |
| From May 7, 2026 to Mar. 31, 2026 | 22,000,000 shares(max.)*5 | 80.0 billion yen(max.) |
*4 Amounts of less than hundred million yen are rounded off.
*5 After the effective date of the share split on Jul. 1, 2026, the total number of shares to be repurchased will be up to 88 million shares.
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 | 16,714,775 shares |
| Apr. 9, 2027 (plan) | - |
