Shareholder Return / Dividends
Basic Policy on Profit Allocation
Our firm recognizes that one crucial issue for its management is simultaneously securing competitiveness in our business lines and returning profits to our shareholders. Our policy is to return return profits to shareholders through dividends and share buybacks, etc., in accordance with the status of our business performance, while maintaining a balance with internal reserves necessary for launching new businesses and business expansion.
Based on the above basic policy, we have targeted a total return ratio of 50% and a consolidated dividend payout ratio of 30% to 50% since FY2024, a policy we intend to uphold for the foreseeable future.
Status of Dividends
In FY2025, we are upwardly revised the initial forecast (50 yen), and plan to distribute a year-end dividend of 60 yen per share (consolidated dividend payout ratio: 54.7%).
The dividend for FY2026 is forecasted to be 65 yen per share (consolidated payout ratio: 52.1%) as a year-end dividend. We will continue to provide shareholder returns, considering the need to balance it with investments necessary for growth.
Change in Dividends (As of May 12, 2026)
| Annual Dividend（JPY per share） | Total Dividend Amount（millions of JPY） | Payout Ratio (Consolidated) | |
|---|---|---|---|
| 2021 (results) | 25.00 | 184 | 18.8％ |
| 2022 (results) | 30.00 | 218 | 19.9％ |
| 2023 (results) | 33.00 | 240 | 35.3％ |
| 2024 (results) | 50.00 | 356 | 106.7％ |
| 2025 (planned) | 60.00 | 427 | 54.7％ |
| 2026 (forecasts) | 65.00 | 463 | 52.1％ |
Acquisition of Treasury Stock
| Purchase Period | No. of Shares Purchased | Total Purchase Value | Details |
|---|---|---|---|
| May. 13, 2024 – Aug. 9, 2024 | 163,900 shares | ¥259,846,600 | PDF:134KB |
| Feb. 8, 2023 – Feb. 27, 2023 | 138,900 shares | ¥149,926,000 | PDF:123.3KB |
| Nov. 1, 2021 – Jan. 26, 2022 | 299,500 shares | ¥249,997,600 | PDF:140.3KB |
| Nov. 2, 2020 – Nov. 13, 2020 | 1,600,000 shares | ¥153,650,900 | PDF:141.6KB |
| Jul. 28, 2011 – Nov. 30, 2011 | 717,100 shares | ¥93,428,300 | PDF:87KB |
| Dec. 17, 2010 – Jan. 7, 2011 | 790,000 shares | ¥134,984,100 | PDF:85KB |
As of October 1, 2021, the reverse stock split was carried out at a ratio of one-for-10 shares of common stock.
Disposal of Treasury Stock
| Date of Disposal | No. of Disposed Shares | Total Disposal Value | Details |
|---|---|---|---|
| Aug. 8, 2025 | 2,500 shares | ¥4,792,500 | PDF:117KB |
| Aug. 23, 2024 | 17,500 shares | ¥30,100,000 | PDF:129KB |
| Aug. 25, 2023 | 15,000 shares | ¥22,875,000 | PDF:128KB |
| Oct. 28, 2022 | 44,040 shares | ¥54,345,360 | PDF:129KB |
| Aug. 22, 2022 | 16,200 shares | ¥19,990,800 | PDF:124KB |
| Mar. 19, 2021 | 454,400 shares | ¥39,987,200 | PDF:155KB |
| Dec. 19, 2014 | 350,000 shares | ¥106,750,000 | PDF:119KB |
As of October 1, 2021, the reverse stock split was carried out at a ratio of one-for-10 shares of common stock.