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
For the fiscal year ended March 31, 2024, the year-end dividend is 25 yen per share, and the full-year dividend will be 50 yen per share including the interim dividend of 25 yen.
The full-year dividend for the year ending March 31, 2025 is forecast to be 55 yen per share (including the interim dividend of 25 yen per share), an increase of 5 yen over the current fiscal year.
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| Period | Interim dividend per share | Year-end dividend per share | Dividend per share | Dividend payout ratio (%) |
|---|---|---|---|---|
| 161 (2025/3)* Forecast | ¥25.00 (Forecast) | ¥30.00 (Forecast) | ¥55.00 (Forecast) | |
| 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 |
- *As of May 9, 2024