Dividend Policy

We regard the return of profits to shareholders as an important management issue with the aim of achieving sustainable growth in corporate value over the medium to long term. In addition, our basic policy is to pay a stable dividend to shareholders after taking into consideration such factors as the demand for funds for strategic investment with a view to future growth.
The record date for the year-end dividend is August 31, and the record date for the interim dividend is the end of February. However, our basic policy is to pay a year-end dividend once a year. Our Articles of Incorporation stipulate that matters stipulated in each item of Article 459(1) of our Act, such as dividends from surplus, may be paid by resolution of the Board of Directors, unless otherwise stipulated by law.
Going forward, we will continue to improve capital efficiency through various investments that contribute to enhancing corporate value while ensuring financial soundness.

Dividend Trends

Annual dividend per share Dividend payout ratio* Stock split
FY8/2026 JPY45.00 19.3%
FY8/2025 JPY10.00 19.2%
FY8/2024 - -
FY8/2023 JPY30.00 36.8%
FY8/2022 JPY25.00 33.8%
FY8/2021 JPY25.00 45.6%
FY8/2020 JPY25.00 106.3% 1:2
September 1, 2019
FY8/2019 JPY70.00 29.2%
FY8/2018 JPY51.50 24.0% 1:5
November 1, 2017

*Divident payout ratio : Annual dividends per share / Earnings per share x 100

・Annual dividends per share : Annual dividends / Number of shares issued at the end of each fiscal year
・Earnings per share : Profit attributable to owners of parent / Average number of shares during each fiscal year
*Excluding the number of treasury shares