Policy for distribution of profits

  • 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.

Shareholder Returns


2020/03 2021/03 2022/03 2023/03 2024/03 2025/03
Dividend Per Share(yen) 1Q ------
2Q 15.0017.0019.0022.0024.0029.00
3Q ------
FY-End 17.0019.0021.0023.0029.0029.00
Total 32.0036.0040.0045.0053.0058.00
Amount of Dividends(million yen) 19,32321,82423,64226,64030,866-
Payout Ratio(%) 33.241.333.134.938.838.2
Ratio of Total Amount of Dividends to Equity Attributable to Owner of Parent (Consolidated)(%)


2016/03 2017/03 2018/03 2019/03 2020/03
Dividend Per Share(yen) 1Q - - - - -
2Q 40.00 40.00 45.00 45.00 15.00
3Q - - - - -
FY-End 40.00 40.00 45.00 45.00 17.00
Total 80.00 80.00 90.00 90.00 32.00
Amount of Dividends(million yen) 17,528 19,093 21,581 21,154 19,323
Payout Ratio(%) 41.1 42.4 39.1 41.5 27.9
Ratio of Total Amount of Dividends to Net Assets(%) 4.3 4.5 5.1 5.1 6.1

・These data are prepared based on the financial results reports.
・The frequency of updates may change in accordance with changes to the format of the financial results reports.
・Please see the financial results reports and other materials for detailed information regarding the settlement of accounts.
・The contents of these data will not immediately reflect corrections to the financial results reports when announced.
・While we pay due caution to the conversion of data for the posting, please note that there is a possibility that errors may occur in the information due to uncontrollable circumstances, such as the unauthorized alteration of contents by a third party or mechanical defects resulting from equipment malfunction.