Shareholder return policy prioritizing R&D and capital investment
First written in FY2024. 9 of 13 entries say "Advanced", first in FY2025-H1. Latest entry: 2026-11-09.
- FY2026AdvancedAnnual report
「Net interest-bearing debt (net) (¥ millions) 15,429 △6,678」
Net interest-bearing debt changed from ¥15,429 million in the previous fiscal year to negative ¥6,678 million, reaching positive net cash, which is the premise for allocating funds to dividends and share repurchases. - FY2026-H1AdvancedAnnual report
「At a meeting of the Board of Directors held on 13 May 2025, the company resolved to pay dividends from retained earnings as follows.」
Under its profit return policy, the company paid total dividends of ¥4,425 million, or ¥19 per share, for the fiscal year ended March 2025, and also resolved to pay total dividends of ¥4,202 million, or ¥18 per share, with 30 September 2025 as the record date. - FY2025AdvancedAnnual report
「At a meeting of the Board of Directors held on 10 July 2024, the company resolved to acquire treasury shares under Article 156 of the Companies Act, as applied mutatis mutandis pursuant to Article 165, paragraph 3 of the same Act, and carried out the acquisition as follows.」
While prioritizing R&D and capital investment, the company acquired 5,058,400 treasury shares for a total of ¥18 billion from July through September 2024 and also paid dividends. - FY2025-H1AdvancedAnnual report
「At a meeting of the Board of Directors held on 10 July 2024, the company resolved to acquire treasury shares under Article 156 of the Companies Act, as applied mutatis mutandis pursuant to Article 165, paragraph 3 of the same Act, and carried out the acquisition as follows.」
In connection with its profit return policy, the company acquired 5,058,400 treasury shares for a total of ¥18 billion from July through September 2024, and also paid a dividend of ¥11 per share. - FY2024First statedAnnual report
「The company plans to pay dividends from retained earnings with a consolidated dividend payout ratio of approximately 20% to 30% as a guideline. In addition, after net cash turns positive, it aims to allocate an amount equivalent to approximately 70% of free cash flow after scheduled repayment of interest-bearing debt to dividends and share repurchases.」
The company has indicated a policy of prioritizing R&D and capital investment, using a dividend payout ratio of 20% to 30% as a guideline and, after net cash becomes positive, allocating approximately 70% of free cash flow after scheduled debt repayments to dividends and share repurchases.