Dividend Policy

Dividend Policy

Dividend Policy

Dividend Policy

The Group is implementing structural reforms and growth strategies to achieve sustainable growth that contributes to enhancing corporate value.
Under this policy, shareholder returns will be made with a target of a total return ratio of 40% or more, in conjunction with share buybacks.
We plan to allocate retained earnings to capital expenditures aimed at expanding our business areas and strengthening our business foundation.

Dividend History

Dividend History
FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025 FY2026
(Forecast)

Annual
dividend
per share

100yen* 75yen 75yen 75yen 75yen 75yen 75yen 75yen 75yen 120yen 120yen

Dividend
payout ratio

49.9% 32.4% 51.4% 27.3% 30.0% 32.8% 171.2% - 31.0% 29.4% 25.0%
*Includes 90th anniversary commemorative dividend of 25 yen.

Purchase of treasury shares

Purchase period Number of shares to be purchased Total amount for share purchase (Yen)
December 22,2017 2,104,000 5,403,072,000

Cancellation of treasury shares

Cancellation period Number of shares to be canceled
February 10, 2025 1,100,000

October 31, 2025

900,000

Stock split

No stock splits have been conducted within the last five years.

Reverse stock split

Effective date Reverse stock split ratio
October 1,2016 5 : 1