Dividend per share
Fiscal year ending December 2026Each 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 company will adopt a progressive dividend policy as its new basic policy, setting an annual dividend of ¥51 per share as the floor, in principle not reducing dividends, and aiming to maintain or increase dividends in line with improved earnings.
| Item | Details |
|---|---|
| Dividend per share | 51 Yen → 51 Yen（0.0%） |
| Total Annual Dividends | 51 Yen → 51 Yen（0.0%） |
| Payout ratio | 50% payout ratio (stated in the previous policy as an extension of the application period to fiscal years 2026 through 2028) |
| Dividend policy | The company will adopt a progressive dividend policy as its new basic policy, setting an annual dividend of ¥51 per share as the floor, in principle not reducing dividends, and aiming to maintain or increase dividends in line with improved earnings. |
| Fiscal Period Covered | Fiscal year ending December 2026 |
Items this document does not state (7)
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.Because a downward revision to the earnings forecast could result in a dividend cut if the 50% payout ratio were applied, and there were concerns that an 8% DOE could constrain capital allocation for growth investments such as M&A, the objective is to avoid a reduction in shareholder returns caused by short-term earnings fluctuations while securing funds for growth investments and providing stable, ongoing profit returns.