Aiming to become a “sustainable growth company with strategic investment,” our basic policy is to expand growth investment while paying attention to capital efficiency and returning profits to shareholders.
Specifically, under our medium-term management plan, Sustainability V (Value), we aim to pay a consolidated dividend payout ratio of 40% or more every fiscal year. The Company has decided to implement flexible share buybacks and cancellations with a target total return ratio of 50%. We believe that further improvement of capital efficiency is necessary to achieve ROE of 8% or more. Therefore, as a limited measure for the two years through the final year of Sustainability V (Value) (fiscal years ending March 31, 2025 and 2026), we have changed the dividend payout ratio to a minimum of 80% and the total return ratio to 100%. The minimum amount of total return is set at 500 million yen with a view to providing a stable return to shareholders.
| 2020/03 | 2021/03 | 2022/03 | 2023/03 | 2024/03 | 2025/03 （Expected） |
||
|---|---|---|---|---|---|---|---|
| Dividend Per Share(yen) | 1Q | - | - | - | - | - | - |
| 2Q | - | - | - | 17.50 | 20.00 | 40.00 | |
| 3Q | - | - | - | - | - | - | |
| FY-End | 20.00 | 15.00 | 32.50 | 25.00 | 40.00 | 40.00 | |
| Total | 20.00 | 15.00 | 32.50 | 42.50 | 60.00 | 80.00 | |
| Amount of Dividends(million yen) | 361 | 270 | 581 | 758 | 1,048 | - | |
| Payout Ratio(%) | 29.1 | 27.0 | 45.1 | 47.9 | 22.0 | 85.8 | |
| Ratio of Total Amount of Dividends to Net Assets(%) | 2.2 | 1.6 | 3.2 | 4.0 | 4.9 | - | |
Note: On October 1, 2023, the Company carried out a 4-for-1 share split of its common stock. The dividend amount per share is the amount assuming that the stock split was carried out at the beginning of the fiscal year ended March 31, 2019.
On October 1, 2023, the Company carried out a 4-for-1 share split of its common stock.
|
Period of acquisition |
Method of acquisition |
Total number of shares acquired |
Aggregate amount of acquisition cost（millions of yen） |
|
From November 11, 2021 to November 30, 2021 |
Market purchase on the Tokyo Stock Exchange |
45,200 |
99 |
|
From November 15, 2022 to December 1, 2022 |
Market purchase on the Tokyo Stock Exchange |
34,700 |
99 |
|
From November 10, 2023 to November 24, 2023 |
Market purchase on the Tokyo Stock Exchange |
102,200 |
99 |
|
From February 1, 2024 to May 8, 2024 |
Market purchase on the Tokyo Stock Exchange |
611,600 |
799 |
|
From March 21, 2025 to March 24, 2025 |
Market purchase on the Tokyo Stock Exchange |
73,900 |
99 |
|
Cancellation period |
Number of shares cancelled |
|
February 3, 2022 |
45,200 |
|
February 2, 2023 |
34,700 |
|
February 1, 2024 |
102,200 |
|
July 1, 2024 |
500,000 |
