Distribution of Profits
| Year-end Dividend (FY2025) |
26.25 yen |
| Effective date | March 30, 2026 |
Basic Policy on the Allocation of Profits
The basic policy of the Company is to pay dividends with a payout ratio of approximately 40% by taking into account R&D and capital investment in an effort to strengthen its management structure and develop new businesses based on a long-term view, and by endeavoring to allocate profits based on business performance.The Company will focus on continuous profit allocation to shareholders in a stable manner, and the minimum annual dividend per share will be 20 yen.
In addition to dividends, the Company will also carry out flexible share buybacks with a total return ratio of approximately 60% in order to further enhance the shareholder returns.
[Notice] Revision of Shareholder Return Policy (Further Expansion of Shareholder Returns)
In light of the next Medium-term Management Plan, Value Up29, which will launch in the fiscal year ending December 31, 2027, the Company has decided to increase the payout ratio from 40% to 60%. It has also decided to change its shareholder return policy as follows to further enhance its corporate value. This includes changing the dividend determination baseline to a payout ratio of 60% or DOE of 8%, whichever is higher, ensuring the consistent and stable distribution of profit to shareholders over the long term without being significantly affected by its business performance.
This new policy will take effect from the fiscal year ending December 2027.
The Company will continue to pay dividends by taking into account R&D and capital investment in an effort to strengthen its management structure and develop new businesses based on a long-term view. To ensure long-term, stable returns to shareholders, the dividend amount will be determined based on a payout ratio of 60% or a DOE of 8%, whichever is higher.
In addition, the Company plans to provide an additional return of around 18.0 billion yen to achieve a shareholders’ equity ratio of around 75% by the end of the next Medium-term Management Plan (end of December 2029). The specific methods for this additional return will be evaluated based on market trends and other factors, and will be carried out through appropriate means at the time, such as share buybacks or dividend payments.
Dividend Payout Ratio
2021/12 |
2022/12 |
2023/12 |
2024/12 |
2025/12 |
|
| Interim | 3.125 |
3.75 |
4.375 |
8.75 |
10.0 |
| Year-end | 7.125 |
11.25 |
16.875 |
26.25 |
26.3 |
| Annual | 10.25 |
15.0 |
21.25 |
35.0 |
36.25 |
| Payout ratio | 33.0 |
30.0 |
32.9 |
39.8 |
49.8 |
* The Company conducted a stock split of common shares at a ratio of two shares for each share effective July 1, 2024, and a further stock split at a ratio of four shares for each share effective July 1, 2025. Cash Dividends in the above table are amounts after the stock split.
Status of Treasury Share Acquisitions, Cancellations, and Holdings
| Dec. 31, 2023 | 18,066,632 |
| 2024 Acquired | 2,486,232 |
| 2024 Cancelled | 3,548,400 |
| Dec. 31, 2024 | 17,004,464 |
| 2025 Acquired | 4,000,183 |
| 2025 Cancelled | 13,227,200 |
| Dec. 31, 2025 | 7,777,447 |