Dividend per share
Fiscal year ending May 2026Each vertical step represents one dividend payment, and the total height of the accumulated steps represents the annual dividend for the period. For periods showing only the annual amount, the payment breakdown is not provided, so only the end point is plotted.
The payout ratio for the fiscal year ending May 2027 will be approximately 50%. The minimum dividend for the fiscal year ending May 2027 will be ¥50 per share. The long-term target payout ratio is 80%, and it will be raised gradually. The company will not maintain a fixed absolute dividend amount. The minimum dividend per share will be reviewed each fiscal year in consideration of the outlook for the following fiscal year’s earnings. In calculating the dividend per share, fractions of less than ¥5 will be rounded up. No interim dividend will be paid; only one year-end dividend will be paid annually.
| Item | Details |
|---|---|
| Dividend per share | To be determined → ¥20.00 (year-end) |
| Total Annual Dividends | To be determined → ¥20.00 |
| Previous-period results (per share) | Interim ¥0.00 / End of period ¥45.00 / Annual ¥45.00 |
| Payout ratio | Current Approximately 50% / Category Not disclosed |
| Dividend policy | The payout ratio for the fiscal year ending May 2027 will be approximately 50%. The minimum dividend for the fiscal year ending May 2027 will be ¥50 per share. The long-term target payout ratio is 80%, and it will be raised gradually. The company will not maintain a fixed absolute dividend amount. The minimum dividend per share will be reviewed each fiscal year in consideration of the outlook for the following fiscal year’s earnings. In calculating the dividend per share, fractions of less than ¥5 will be rounded up. No interim dividend will be paid; only one year-end dividend will be paid annually. |
| Whether Submission to the General Meeting of Shareholders Is Required | Board of directors resolution only |
| Fiscal Period Covered | Fiscal year ending May 2026 |
Items this document does not state (5)
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.The company calculates dividends by applying a certain payout ratio to earnings per share, and net income for the fiscal year ending May 2026 declined from the previous forecast of ¥345 million to ¥85 million. However, recognizing total shareholder return (TSR) as an important management issue, the company set the dividend at ¥20 per share.