In the Medium-Term Management Plan 2027 published on November 6, 2024, a revision was made to the policy on shareholder returns for the plan period, as follows.
・ With the aim of more actively paying dividends to shareholders, we will increase the consolidated dividend payout ratio to 30–40% (from 25–35% in the past) and strive for dividend growth through medium- to long-term profit growth;
・ For ordinary dividend, “DOE of 4.0%” will be used as the new target for stable and continuous dividend payments;
・ Additional measures aligned with profit levels and capital efficiency will be flexibly implemented through special dividends and acquisition of treasury shares.
Investor RelationsInvestor Relations
- IR
- Stock and Bond Information
- Distribution of Profits
Distribution of Profits
Dividend Policy
Dividends per Share
(yen)
| 2021/3 | 2022/3 | 2023/3 | 2024/3 | 2025/3 | |
|---|---|---|---|---|---|
| Interim | 30 | 45 | 100 | 110 | 110 |
| Year-end | 50 | 75 | 120 | 110 | 55:tentative |
| Annual | 80 | 120 | 220 | 220 | ー |
*The Company executed a two-for-one stock split of its common stock effective October 1, 2024. The amount of the year-end dividend per share presented above for the fiscal year ending March 2025 takes into account the effect of the stock split, and the full-year dividend amount is indicated as “–”. If the stock split is not taken into account, the year-end dividend per share and the full-year dividend per share for the fiscal year ending March 2025 will be 110.00 yen and 220.00 yen, respectively.
Treasury Stock
(As of Mar. 31, 2024
)
（１）Status of acquisition upon resolution of general meeting of shareholdersNot applicable. （２）Status of acquisition upon resolution of the Board of Directors
Not applicable. （３）Matters contingent neither on resolution of general meeting of shareholders nor on resolution of the Board of Directors
Shares |
Yen |
|
Treasury shares acquired in the current fiscal year |
1,036 |
6,289,625 |
Shares |
Yen |
|
| Acquired treasury shares offered to subscribers | － |
－ |
| Acquired treasury shares disposed of | － |
－ |
| Acquired treasury shares transferred in relation to merger, share exchange, or demerger | － |
－ |
| Other (granting of restricted stock compensation) | 7,475 |
45,971,250 |
| Other (sale of shares upon request for sale of shares constituting less than one full unit) | － |
－ |
| Number of treasury shares held | 2,432,338 |
－ |
Stock Split
The Company executed a stock split on October 1, 2024. Each share of the Company’s common stock was split into two shares with a record date of September 30, for the purpose of creating an environment conducive to investment in the Company’s shares by lowering the amount required per investment unit, thereby improving the liquidity of Company’s shares and expanding the range of potential investors.
In connection with this stock split, the year-end dividend for the fiscal year ending March 31, 2025, has been revised to 55 yen per share. However, as this revision is due to the stock split, there is no effective change in the dividend per share from the previously announced forecast.
