Dividend per share
Fiscal year ending February 2027In addition to increases in earnings per share driven by improved performance of the Group, the Group will adopt a progressive dividend policy using the higher of a payout ratio of 40% or a dividend on equity ratio (DOE) of 5% as a guideline.
| Item | Details |
|---|---|
| Payout ratio | A payout ratio of 40% or more is stated as a policy benchmark (not the actual payout ratio for the current dividend). |
| Dividend policy | In addition to increases in earnings per share driven by improved performance of the Group, the Group will adopt a progressive dividend policy using the higher of a payout ratio of 40% or a dividend on equity ratio (DOE) of 5% as a guideline. |
| Whether Submission to the General Meeting of Shareholders Is Required | Board of directors resolution only |
| Fiscal Period Covered | Fiscal year ending February 2027 |
Items this document does not state (8)
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 explains that it initially set a payout ratio of 30% in the medium-term management plan formulated after the COVID-19 pandemic subsided, and subsequently determined that its financial soundness had reached a certain level following the early repayment of its perpetual subordinated loan. It has therefore changed its policy to raise the payout ratio toward 40%. Under its new medium-term management plan, the Company also intends to strengthen its dividend policy, the core of shareholder returns, while investing for sustainable growth and enhancing its capital base.