Items stated in the management plan
The Company's basic policy has traditionally been to provide stable dividends. However, with the aim of enhancing shareholder returns over the medium to long term through earnings growth, the Company has decided to introduce progressive dividends from fiscal 2026 (fiscal year ending March 2027), the first year of the Sixth Medium-Term Management Plan, and review its shareholder return policy.
| Item | Details |
|---|---|
| Plan name | Sixth Medium-Term Management Plan |
| Plan period | Starting fiscal year Fiscal 2026 (fiscal year ending March 2027) / Final year Not disclosed |
| Payout ratio / DOE policy | The basic policy is to provide progressive dividends, with a target dividend payout ratio of approximately 40% of net income attributable to owners of the parent. The policy will apply from fiscal 2026 (fiscal year ending March 2027). |
| Key initiatives | Introduction of a progressive dividend policy |
| Reason for revision or withdrawal | The Company's basic policy has traditionally been to provide stable dividends. However, with the aim of enhancing shareholder returns over the medium to long term through earnings growth, the Company has decided to introduce progressive dividends from fiscal 2026 (fiscal year ending March 2027), the first year of the Sixth Medium-Term Management Plan, and review its shareholder return policy. |
| Date of board resolution | 15 May 2026 |
| Publication date | 15 May 2026 |
Items this document does not state (18)
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.To introduce progressive dividends from fiscal 2026 (fiscal year ending March 2027), the first year of the Sixth Medium-Term Management Plan, with the aim of enhancing shareholder returns over the medium to long term through earnings growth.