Shareholder Returns
Shareholder Returns policy
Starting from the fiscal year ending December 2025, we will introduce a new Dividend on Equity (DOE) and a progressive dividend policy to meet shareholders' expectations for profit returns.
We regard the sustainable enhancement of corporate value and the stable return of profits to our shareholders as our top management priorities.
In addition to our existing policy of maintaining a dividend payout ratio of 50% or higher, we will introduce a Dividend on Equity (DOE) and a progressive dividend policy.
Through these measures, we aim to provide stable dividends that are not influenced by temporary fluctuations in business performance, meeting shareholders' expectations for profit returns.
Details of the change
| Before the change (until FY 12/24) |
The policy aims to maintain a dividend payout ratio of 50% or more. |
|---|---|
| After the change (FY 12/25 onwards) |
Progressive dividend policy based on the higher of a 50% payout ratio or 10% DOE. |
Shareholder Returns Period
In principle, we pay dividends twice a year (interim and year-end).
Interim dividend: around the end of August
Year-end dividend: around mid-March
Changes in Annual Dividend Amount per Share
| Interim dividend (yen) |
Year-end dividend (yen) |
Annual dividend (yen) |
Total dividend distribution (million yen) |
Dividend ratio (%) |
Net dividend rate (%) |
|
|---|---|---|---|---|---|---|
| Fiscal year ending December 2025(forecast) |
13.00 | 13.00 | 26.00 | － | 79.4 | － |
| Fiscal year ending December 2024 |
12.00 | 13.00 | 25.00 | 671 | 84.5 | 10.3 |
| Fiscal year ending December 2023 |
12.00 | 12.00 | 24.00 | 634 | 64.7 | 10.6 |
| Fiscal year ending December 2022 *3 |
8.50 | 9.50 | 18.00 | 475 | 53.6 | 5.8 |
| Fiscal year ending December 2021 |
4.25 | 8.00 | 12.25 | 310 | 44.3 | 7.5 |
| Fiscal year ending December 2020 *2 |
3.75 | 5.00 | 8.75 | 208 | 45.1 | 7.5 |
| Fiscal year ending December 2019 |
3.25 | 5.00 | 8.25 | 195 | 35.3 | 8.1 |
| Fiscal year ending December 2018 *1 |
2.13 | 3.88 | 6.00 | 140 | 56.6 | 4.1 |
| Fiscal year ending December 2017 |
1.82 | 3.19 | 5.01 | 114 | 38.3 | 5.3 |
| Fiscal year ending December 2016 |
1.57 | 2.88 | 4.44 | 100 | 46.0 | 5.1 |
| Fiscal year ending December 2015 |
1.25 | 2.50 | 3.75 | 82 | 36.8 | 4.6 |
| Fiscal year ending December 2014 |
- | 1.88 | 1.88 | 40 | 31.6 | 2.4 |
| Fiscal year ending December 2013 |
- | 1.57 | 1.57 | 32 | 14.3 | 2.5 |