Aiming to be a “sustainable growth company with strategic investments,” our basic policy is to expand investments for growth while being conscious of capital efficiency and implementing shareholder returns.
As announced in the "Notice Concerning Revision of Shareholder Return Policy under Medium-Term Management Plan Sustainability V (Value) and Revision of Dividend Forecast (Dividend Increase) " dated August 8, 2024, the Company has adopted a shareholder return policy of a consolidated payout ratio of 80% or more and a total return ratio of 100% as a limited measure for the two years until the final fiscal year of Sustainability V(Value) [FY2024 (fiscal years ended March 2025) and FY2025 (fiscal years ending March 2026)].
For the fiscal year ending March 31, 2026, we plan to pay an annual dividend of ¥90 per share, representing a consolidated dividend payout ratio of 81.2% based on our performance forecast.
In addition, with September 30, 2025 as the record date, we conducted a two-share split for each of our common shares held by shareholders recorded in the final shareholder register on that date. As a result of this stock split, the year-end dividend per share for the fiscal year ending March 31, 2026 will be ¥22.50.
Note: Stock splits will be implemented on October 1, 2023 and October 1, 2025. Dividend amounts per share are shown taking these stock splits into consideration.
| FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 （Expected） |
||
|---|---|---|---|---|---|---|---|
| Dividend Per Share(yen) | 1Q | - | - | - | - | - | - |
| 2Q | - | - | 17.50 | 20.00 | 40.00 | 45.00 | |
| 3Q | - | - | - | - | - | - | |
| FY-End | 15.00 | 32.50 | 25.00 | 40.00 | 46.00 | 22.50 | |
| Total | 15.00 | 32.50 | 42.50 | 60.00 | 86.00 | - | |
| Amount of Dividends(million yen) | 270 | 581 | 758 | 1,048 | 1,470 | - | |
| Payout Ratio(%) | 27.0 | 45.1 | 47.9 | 22.0 | 94.1 | 81.2 | |
| Ratio of Total Amount of Dividends to Net Assets(%) | 1.6 | 3.2 | 4.0 | 4.9 | 6.2 | - | |
Note: We conducted a 2-for-1 stock split of our common stock on October 1, 2025. Dividends per share are shown as amounts before the stock split for the fiscal year ended March 31, 2021 through the end of the second quarter of the fiscal year ending March 31, 2026, and as of the end of the fiscal year ending March 31, 2026, take these stock splits into account.
|
Stock Split Date |
Stock Split Ratio |
|
October 1, 2023 |
4-for-1 share split |
|
October 1, 2025 |
2-for-1 stock split |
|
Period of Acquisition |
Method of Acquisition |
Total Number of Shares Acquired |
Aggregate Amount of Acquisition Cost（yen） |
|
From November 11, 2021 to November 30, 2021 |
Market purchase on the Tokyo Stock Exchange |
45,200 |
99,855,200 |
|
From November 15, 2022 to December 1, 2022 |
Market purchase on the Tokyo Stock Exchange |
34,700 |
99,770,200 |
|
From November 10, 2023 to November 24, 2023 |
Market purchase on the Tokyo Stock Exchange |
102,200 |
99,979,200 |
|
From February 1, 2024 to May 8, 2024 |
Market purchase on the Tokyo Stock Exchange |
611,600 |
799,954,900 |
|
From March 21, 2025 to March 24, 2025 |
Market purchase on the Tokyo Stock Exchange |
73,900 |
99,886,900 |
|
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 |
|
June 2, 2025 |
73,900 |
