Dividend per share
Fiscal year ending May 2027 (next fiscal year)Each 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.
The policy was changed from the previous "stable dividends" policy to "flexible shareholder returns," under which accumulated operating cash flow will be returned flexibly depending on circumstances. The guideline for the consolidated dividend payout ratio is 50%–100%, and the guideline for DOE is 7.5% or higher.
| Item | Details |
|---|---|
| Dividend per share | Not disclosed → ¥180.00 per share (full-year forecast for the next fiscal year) |
| Total Annual Dividends | Not disclosed → ¥180.00 |
| Previous-period results (per share) | Interim ¥45.00 (fiscal year ended May 2025) / End of period ¥75.00 (ordinary ¥45.00 / special ¥30.00, fiscal year ended May 2025) / Annual ¥120.00 (fiscal year ended May 2025) |
| Record date | End of the second quarter, fiscal year-end |
| Breakdown of Regular, Commemorative and Special Dividends | Dividend forecast for the next fiscal year Not disclosed / Previous-period results Ordinary ¥45.00 / special ¥30.00 |
| Payout ratio | Next period 66.4% on a consolidated basis (forecast) / Policy Consolidated dividend payout ratio of 50%–100% |
| Dividend policy | The policy was changed from the previous "stable dividends" policy to "flexible shareholder returns," under which accumulated operating cash flow will be returned flexibly depending on circumstances. The guideline for the consolidated dividend payout ratio is 50%–100%, and the guideline for DOE is 7.5% or higher. |
| Whether Submission to the General Meeting of Shareholders Is Required | Board of directors resolution only |
| Fiscal Period Covered | Fiscal year ending May 2027 (next fiscal year) |
Items this document does not state (3)
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 dividend policy was changed to enable flexible capital allocation in line with the new medium-term management plan, curb the accumulation of retained earnings, improve ROE, and provide shareholders with a high and stable level of profit returns. The dividend for the next fiscal year is intended to enhance shareholder returns under the new policy. The shareholder benefit program will be resumed to promote medium- to long-term shareholding, particularly among individual investors, increase understanding of the Company's business, and diversify shareholder return methods.