Basic Policy on Shareholder Returns

The Company aims to achieve sustainable growth of its corporate value while building empathy with all stakeholders through the maximization of added value created from business activities and appropriate distribution thereof.


The Company’s shareholder return policy is to make sustainable and stable dividend payments while flexibly purchasing treasury shares taking into account various factors, including stock market trends and capital efficiency. Through this, we will, in principle, aim for a consolidated total return ratio of 50%, or a consolidated total return ratio of 30% or higher even if it is necessary to secure funds for growth investment.

Transition of Shareholder Returns

Fiscal Year 12/2020
(※2)		 12/2021 12/2022 12/2023 12/2024
(forecast)
Interim Dividend per Share 36yen 69yen 78yen 85yen 85yen
Year-end Dividend per Share 36yen 69yen 78yen 85yen 85yen
Annual Dividend per Share 72yen 138yen 156yen 170yen 170yen
Dividend payout ratio 46.0% 45.0% 48.2% 57.8% 55.4%
Share Repurchase Amount ― 2bn yen ― ―
Total return ratio(※1) 46.0% 68.2% 48.2% 57.8%

Notes:

  1. Total return ratio= (Total Dividend Amount + Share Repurchase Amount) ÷ Profit Attributable to Owners of Parent.
  2. As the Company conducted a 30-for-1 stock split effective on September 14, 2020, the amount of dividend per share presented above is the amount after the stock split.

Shareholders' Benefits

We don't currently offer a shareholder benefit program.