Dividend per share
Fiscal year ending March 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 record date is the cutoff date for determining which persons listed in the shareholder register on that date are entitled to receive dividends.Payments begin on the effective date.
Following the change, the Company will provide shareholder returns as a performance-linked profit distribution, targeting a total payout ratio of 40%, and aims to increase dividend levels in line with earnings growth. It will introduce a progressive dividend policy, excluding special dividends, and generally will not reduce dividends.
| Item | Details |
|---|---|
| Dividend per share | ¥28 → ¥33（+17.9%） |
| Total Annual Dividends | ¥55 → ¥60（+9.1%） |
| Previous-period results (per share) | Interim ¥25 / End of period ¥30 / Annual ¥55 |
| Total dividends | ¥850 million → ¥937 million |
| Record date | 31 March 2026 |
| Effective date | 25 June 2026 |
| Source of dividends | Retained earnings |
| Payout ratio | Current 31.4% (consolidated) / Policy Targeting a consolidated dividend payout ratio of 30% (before the change) |
| Dividend policy | Following the change, the Company will provide shareholder returns as a performance-linked profit distribution, targeting a total payout ratio of 40%, and aims to increase dividend levels in line with earnings growth. It will introduce a progressive dividend policy, excluding special dividends, and generally will not reduce dividends. |
| Whether Submission to the General Meeting of Shareholders Is Required | Scheduled to be submitted to the General Meeting of Shareholders |
| Fiscal Period Covered | Fiscal year ending March 2026 |
Items this document does not state (1)
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 changes are intended to further enhance shareholder returns and improve dividend stability and predictability. Based on the previous policy of targeting a consolidated dividend payout ratio of 30%, the Company plans to pay a year-end dividend of ¥33 per share for the current fiscal year and, from the fiscal year ending March 2027, will also consider flexible share repurchases while targeting a total payout ratio of 40%.