Stable dividends based on a consolidated dividend payout ratio of approximately 25%

「当期におきましては、1株当たり46円の配当（うち中間配当23円、期末配当23円）を予定しており、業績予想に基づく連結配当性向は98.0％となります。」

「At a meeting of the board of directors held on 12 November 2026, the company resolved the following regarding the interim dividend for the current fiscal year: / (1) Total dividends: ¥785 million / (2) Dividend per share: ¥23.00」

「中期経営計画2028「サステナ スパイラル（サステナ ポジティブスパイラル）」では、累進配当および機動的な自己株式取得を通じ、これまでと同等以上の積極的な株主還元を継続し、さらなる企業価値向上を図ってまいります。」

「Under the Medium-Term Management Plan 2028, “SUSTAINA + Spiral (SUSTAINA Positive Spiral)” (a 3-year plan from April 2026 to March 2029), the company introduced a new shareholder return policy focused on maintaining stable dividends and improving capital efficiency. Specifically, in addition to progressive dividends, it will continue to provide enhanced shareholder returns through flexible repurchases of treasury shares.」

「At a meeting of the Board of Directors held on 12 November 2025, the company resolved on the interim dividend for the fiscal year as follows: (1) Total dividends ¥769 million (2) Dividend per share ¥45.00 (3) Effective date of the right to claim payment and payment commencement date 11 December 2025」

「As a temporary measure for the 2 years through the final year of SUSTAINA V (Value), namely the fiscal years ending March 2025 and March 2026, the company changed its policy to a dividend payout ratio of at least 80% and a total payout ratio of 100%. With stable returns to shareholders in mind, it has set ¥500 million as the minimum total return amount.」

「At a meeting of the Board of Directors held on 12 November 2024, the company resolved on the interim dividend for the fiscal year as follows: (1) total dividends, ¥685 million; (2) dividend per share, ¥40.00; (3) effective date of the right to claim payment and payment commencement date, 11 December 2024.」

「At a meeting of the Board of Directors held on 9 November 2023, the company resolved on the interim dividend for the fiscal year as follows: (1) total dividends, ¥356 million; (2) dividend per share, ¥80.00; (3) effective date of the right to claim payment and payment commencement date, 11 December 2023.」

「At a meeting of the Board of Directors held on 11 May 2023, the company resolved to distribute surplus to shareholders listed or recorded in the shareholder register as of 31 March 2023 as follows: (a) total dividends, ¥444 million; (b) dividend per share, ¥100.00; (c) effective date of the right to claim payment and payment commencement date, 7 June 2023.」

「With respect to the distribution of surplus for the fiscal year, the company decided to pay a dividend of ¥170.0 per share, including an interim dividend of ¥70.0, based on the policy above. As a result, the consolidated dividend payout ratio for the fiscal year was 47.9%.」

「At a meeting of the Board of Directors held on 11 May 2022, the company resolved to distribute surplus to shareholders listed or recorded in the shareholder register as of 31 March 2022 as follows: (a) total dividends, ¥581 million; (b) dividend per share, ¥130.00; (c) effective date of the right to claim payment and payment commencement date, 7 June 2022.」

「The company judged that its current financial base was sound and decided to invest in sustainable earnings growth while also using external funding, as well as enhance shareholder returns. From the fiscal year, it will pay dividends representing at least 40% of consolidated net income. With respect to the distribution of surplus for the fiscal year, the company decided to pay a year-end dividend of ¥130.0 per share based on the policy above. As a result, the consolidated dividend payout ratio for the fiscal year was 45.1%. An interim dividend will be paid from the fiscal year ending March 2023.」

「Our basic policy is to pursue sustainable growth as a company that makes strategic investments, expanding growth investments while maintaining a focus on capital efficiency and returning profits to shareholders. Specifically, we will pay dividends of at least 40% of consolidated net income each fiscal year and flexibly repurchase and cancel treasury shares, targeting a total payout ratio of 50%. With stable returns to shareholders in mind, we have set ¥500 million as the minimum total return amount. For the fiscal year, we plan to pay a year-end dividend of ¥120 per share. Based on forecast net income attributable to owners of the parent of ¥1,200 million, the consolidated dividend payout ratio will be 45.1%. In addition, the company repurchased ¥99 million of treasury shares during November–December 2021. Based on forecast net income attributable to owners of the parent of ¥1,200 million, the total payout ratio, including the ¥120 per-share dividend, will be 53.3%.」

「With respect to the distribution of surplus for the fiscal year, the company decided to pay a year-end dividend of ¥60.0 per share based on the policy above. As a result, the consolidated dividend payout ratio for the fiscal year was 27.0%.」

「At a meeting of the Board of Directors held on 14 May 2020, the company resolved to distribute surplus to shareholders listed or recorded in the shareholder register as of 31 March 2020 as follows: total dividends, ¥361 million; dividend per share, ¥80.00; effective date of the right to claim payment and payment commencement date, 9 June 2020.」

「Based on this policy, we will make balanced profit allocations, using a consolidated dividend payout ratio of approximately 25% as a guideline. With respect to the distribution of surplus for the fiscal year, the company decided to pay a year-end dividend of ¥80.0 per share based on the policy above. As a result, the consolidated dividend payout ratio for the fiscal year was 29.1%.」

「Our basic policy is to enhance and effectively utilize retained earnings to improve corporate value and competitiveness while continuing to provide stable dividends to shareholders. Based on this policy, we will make balanced profit allocations, using a consolidated dividend payout ratio of approximately 25% as a guideline.」

「Our basic policy is to enhance and effectively utilize retained earnings to improve corporate value and competitiveness while continuing to provide stable dividends to shareholders. Based on this policy, we will make balanced profit allocations, using a consolidated dividend payout ratio of approximately 25% as a guideline.」

「Our basic policy is to enhance and effectively utilize retained earnings to improve corporate value and competitiveness while continuing to provide stable dividends to shareholders. Based on this policy, we will make balanced profit allocations, using a consolidated dividend payout ratio of approximately 25% as a guideline.」

「Our basic policy is to enhance and effectively utilize retained earnings to improve corporate value and competitiveness while continuing to provide stable dividends to shareholders. Based on this policy, we will make balanced profit allocations, using a consolidated dividend payout ratio of approximately 25% as a guideline.」