Shareholder Returns and Dividends

Shareholder Returns Policy

The Company's fundamental policy on shareholder returns is to distribute a steady dividend that reflects the perspective of shareholders, and simultaneously realizing appropriate capital allocation flexibly from a mid to long-term perspective, while strengthening investments (including strategic investments, R&D, and capital expenditures) to ensure sustainable growth. Based on this policy, during the cumulative period of the new medium-term management plan for the year ended March 31, 2023 to the year ending March 31, 2026, the Company will return to shareholders targeting a total return ratio of 40% or more.

Dividend Information

Interim dividend for the year ending March 2024 set at 25 yen per share.

  • 1.Interim dividend : 25 yen per common share
  • 2.Date of commencement of Interim dividend payment for the 160th period(the Year ending March 2024) : December 1, 2023

The year-end dividends for the year ending March 2024 set at 25 yen per share.
As a result, cash dividends for the year ending March 2024 will be 50 yen per share, including 25 yen of interim dividend.

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Period Interim dividend per share Year-end dividend per share Dividend per share Dividend payout ratio (%)
160 (2024/3)* Forecast ¥25.00 ¥25.00 (Forecast) ¥50.00 (Forecast)
159 (2023/3) ¥20.00 ¥25.00 ¥45.00 35.9
158 (2022/3) ¥20.00 ¥20.00 ¥40.00 34.4
157 (2021/3) ¥10.00 ¥10.00 ¥20.00
156 (2020/3) ¥30.00 ¥10.00 ¥40.00 200.7
155 (2019/3) ¥30.00 ¥30.00 ¥60.00 35.7
154 (2018/3) ¥14.00 ¥22.00 ¥36.00 41.0
153 (2017/3) ¥12.00 ¥4.00 ¥16.00 159.8
152 (2016/3) ¥8.00 ¥10.00 ¥18.00 23.8
151 (2015/3) ¥10.00 ¥22.00 ¥32.00 69.1
150 (2014/3) ¥10.00 ¥22.00 ¥32.00 27.1
  • *As of November 9, 2023