Dividend per share
Fiscal year ending March 2027The basic policy is to pay stable dividends, targeting a consolidated dividend payout ratio of 45%. Share buybacks will also remain an option to be implemented flexibly, with timely and appropriate decisions made in response to changes in the management environment, taking into account the cost of capital, capital efficiency and other factors.
| Item | Details |
|---|---|
| Payout ratio | 45 |
| Dividend policy | The basic policy is to pay stable dividends, targeting a consolidated dividend payout ratio of 45%. Share buybacks will also remain an option to be implemented flexibly, with timely and appropriate decisions made in response to changes in the management environment, taking into account the cost of capital, capital efficiency and other factors. |
| 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 (8)
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 Company adopted the total payout ratio in response to the Tokyo Stock Exchange’s initiative promoting management that is conscious of the cost of capital and share prices. In light of the current situation, in which underlying earnings power has improved through strategic business investments, the Company will now place greater emphasis on dividends funded by business earnings.