The annual dividend forecast for the fiscal year ending March 2027 has been revised from ¥70 per share to no dividend (¥0). No interim dividend will be paid, and no year-end dividend will be paid subject to the successful completion of the public tender offer.
Each vertical step represents one dividend payment, and the total height of the accumulated steps represents the annual dividend for the period.
The record date is the cutoff date for determining which persons listed in the shareholder register on that date are entitled to receive dividends.
Under the Fourth Medium-Term Management Plan, the company will continue to improve profitability with a target payout ratio of 30% and will pursue shareholder returns aimed at optimizing equity capital, based on a policy of providing shareholders with appropriate and stable profit distributions.
| Item | Details |
|---|---|
| Dividend per share | Interim ¥35 / End of period ¥35 / Annual ¥70 → Interim ¥0 / End of period ¥0 / Annual ¥0（Interim -100% / End of period -100% / Annual -100%） |
| Total Annual Dividends | ¥70 → ¥0（-100%） |
| Previous-period results (per share) | Interim ¥35 / End of period ¥35 / Annual ¥70 |
| Record date | Interim 30 September 2026 / End of period 31 March 2027 |
| Breakdown of Regular, Commemorative and Special Dividends | Ordinary dividend only. There are no separate commemorative or special dividends. |
| Payout ratio | Target 30% / Category Not disclosed |
| Dividend policy | Under the Fourth Medium-Term Management Plan, the company will continue to improve profitability with a target payout ratio of 30% and will pursue shareholder returns aimed at optimizing equity capital, based on a policy of providing shareholders with appropriate and stable profit distributions. |
| Whether Submission to the General Meeting of Shareholders Is Required | Board of Directors resolution only |
| Fiscal Period Covered | Fiscal year ending March 2027 |
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 public tender offer price was determined on the assumption that no interim or year-end dividend would be paid, and the company is expected to be delisted through a series of procedures following the public tender offer.