Shareholder Returns & Dividends
Shareholder return policy
• The basic dividend policy is to provide the appropriate return of profits to shareholders, focusing on maintaining stable dividends and capital efficiency, with a dividend on equity ratio of 3.5% or a target consolidated dividend payout ratio of 40%, whichever is higher.
• With regard to the acquisition of treasury stocks, the Group acts in a continuous and flexible manner to return profits to shareholders and respond to changes in the corporate environment.
*Dividend on equity ratio (DOE) = total dividends paid/shareholders’ equity
Dividend per share
(yen)
| Interim | Year-end | Total | |
|---|---|---|---|
| FY2025 (2026/3) （Forecast） |
ー | ー | ー |
| FY2024 (2025/3) | 32 | 40 | 72 |
| FY2023 (2024/3) | 27 | 28 | 55 |
| FY2022 (2023/3) | 25 | 25 | 50 |
| FY2021 (2022/3) | 25 | 25 | 50 |
| FY2020 (2021/3) | 20 | 25 | 45 |
| FY2019 (2020/3) | 25 | 20 | 45 |
With respect to dividends forecast for the fiscal year ending March 31, 2026, we intend to assess the potential impact of these developments carefully—particularly those related to U.S. trade dynamics—and will provide timely disclosure once a reasonable basis for projection is established.