Dividend per share
Fiscal year ending March 2027Each 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.
To achieve the target of an ROE of at least 15% set forth in the Medium- to Long-Term Vision (FY2029), the Company will implement a progressive dividend policy based on whichever is higher, a consolidated payout ratio of 60% or a consolidated dividend on equity ratio (DOE) of 8.5%. If there is scope for additional shareholder returns, the Company will flexibly undertake measures such as share repurchases.
| Item | Details |
|---|---|
| Dividend per share | Not disclosed → ¥102.00 (interim ¥51.00, year-end ¥51.00)（not disclosed (versus previous forecast)） |
| Total Annual Dividends | Not disclosed → ¥102.00（not disclosed (versus previous forecast)） |
| Previous-period results (per share) | Interim ¥29.50 / End of period ¥29.50 / Annual ¥59.00 |
| Breakdown of Regular, Commemorative and Special Dividends | Regular dividend ¥97.00 (interim ¥48.50, year-end ¥48.50) / Commemorative dividend ¥5.00 (interim ¥2.50, year-end ¥2.50) |
| Payout ratio | Policy The higher of a consolidated payout ratio of 60% or a consolidated dividend on equity ratio (DOE) of 8.5% / Forecast for the fiscal year ending March 2026 Consolidated payout ratio: 73.1% |
| Dividend policy | To achieve the target of an ROE of at least 15% set forth in the Medium- to Long-Term Vision (FY2029), the Company will implement a progressive dividend policy based on whichever is higher, a consolidated payout ratio of 60% or a consolidated dividend on equity ratio (DOE) of 8.5%. If there is scope for additional shareholder returns, the Company will flexibly undertake measures such as share repurchases. |
| Whether Submission to the General Meeting of Shareholders Is Required | Board of directors resolution only |
| Fiscal Period Covered | Fiscal year ending March 2027 |
Items this document does not state (4)
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 further enhance shareholder returns and improve capital efficiency. As the fiscal year ending March 2027 marks the 40th anniversary of the Company’s listing on the Tokyo Stock Exchange First Section, a commemorative dividend will be paid. Following consideration of a fairer approach to shareholder returns, the shareholder benefit program will be discontinued and returns of profits to shareholders will be concentrated on dividends and other forms of distribution.