Shareholder Returns
Basic policy on profit sharing
The Company aims to improve earnings capability by strengthening its management base, while maintaining stable and substantial dividends to shareholders over the long term, and implementing dividend increases based on performance and financial condition as a basic policy for profit distribution.
The Group will also consider the purchase of treasury shares when appropriate in order to improve corporate value, and will work to improve capital efficiency and further enhance shareholder returns.
Status of profit sharing
| Dividend per share (Interim + year-end ) |
Dividend payout ratio | Purchase of treasury shares | Total return ratio | |
|---|---|---|---|---|
| FY ending March 31, 2024(forecast) | ¥54 | approx.40% | 3.8 billion yen | approx. 80% |
| FY ended March 31, 2023 | ¥52 | 44.1% | 3.6 billion yen | 87.2% |
| FY ended March 31, 2022 | ¥52 | 34.9% | - | 34.9% |
| FY ended March 31, 2021 | ¥34 | 32.8% | - | 32.8% |
| FY ended March 31, 2020 | ¥34 | 28.8% | - | 28.8% |
- (1) Dividends
- The annual dividend for the fiscal year ending March 2024 is scheduled to increase by 2 yen to 54 yen (interim dividend 27 yen, year-end dividend 27 yen).
- (2) Purchase of treasury shares
-
We plan to purchase up to 3.8 billion yen of our own shares over a purchase period of May 12, 2023 to February 22, 2024.
Details of the resolution and status of purchase can be found here.
