- The Company considers the ongoing growth of its corporate value to be the most important return to its shareholders. The Company’s basic policy on the payment of dividends from surplus is to continue to provide stable dividends while securing sufficient retained earnings for its medium- and long-term business development, taking into account factors such as operating revenue and the cash flow situation.
In addition, aiming for further shareholder returns through improved capital efficiency, the Company plans to gradually increase the consoliated dividend payout ratio from 35%(actual results for the FY March 2023) to 40% for the FY March 2026.
- Retained earnings will be utilized as a source of funds for business expansion, including capital investment and R&D investment to enhance existing businesses and cultivate new businesses, investment in human resource development, and strategic investment such as M&A. Retained earnings may also be utilized to purchase treasury stock, as part of the Company’s flexible capital management aimed at improving capital efficiency and responding to changes in the business environment.
- In accordance with Article 459 of the Companies Act, the Company stipulates in its Articles of Incorporation that it may pay dividends from surplus by a resolution of the Board of Directors based on record dates of 30th September and 31st March.
| 2020/03 | 2021/03 | 2022/03 | 2023/03 | 2024/03 | 2025/03 （Expected） |
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|---|---|---|---|---|---|---|---|
| Dividend Per Share(yen) | 1Q | - | - | - | - | - | - |
| 2Q | 15.00 | 17.00 | 19.00 | 22.00 | 24.00 | 29.00 | |
| 3Q | - | - | - | - | - | - | |
| FY-End | 17.00 | 19.00 | 21.00 | 23.00 | 29.00 | 29.00 | |
| Total | 32.00 | 36.00 | 40.00 | 45.00 | 53.00 | 58.00 | |
| Amount of Dividends(million yen) | 19,323 | 21,824 | 23,642 | 26,640 | 30,866 | - | |
| Payout Ratio(%) | 33.2 | 41.3 | 33.1 | 34.9 | 38.8 | 38.2 | |
| Ratio of Total Amount of Dividends to Equity Attributable to Owner of Parent (Consolidated)(%) | 6.1 | 7.5 | 7.1 | 7.2 | 7.8 | - | |
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