Shareholder Return Policy

Our basic policy on shareholder return is to increase investment in growth, aiming to become a company of sustainable growth with strategic investment, while at the same time, we will return profits to shareholders with an awareness of capital efficiency.
Taking this stock split into account, the amount of the dividend per share is an interim dividend of 22.5 yen, a year-end dividend of 22.5 yen, making an annual dividend of 45 yen. The consolidated payout ratio was 125.4%.
We will continue to maintain our existing basic policy going forward. Under the Medium-term Management Plan 2028, we aim to further increase our corporate value by continuing proactive shareholder returns at a level equal to or greater than before through progressive dividends and flexible purchase of treasury shares.
In accordance with this, for FY2026, we plan to increase the dividend by 1 yen to an annual dividend per share of 46 yen, comprising an interim dividend of 23 yen and a year-end dividend of 23 yen. The consolidated payout ratio based on our forecast for financial results will be 98.2%.

Note: Stock splits were implemented on October 1, 2023 and October 1, 2025.  Dividends per share are shown taking these stock splits into account.

FY2021

FY2022

FY2023

FY2024

FY2025

Amount of Dividends(million yen)

581

758

1,048

1,470

1,535

Ratio of Total Amount of Dividends to Net Assets(%)

3.2

4.0

4.9

6.2

6.5

Stock Split

Stock Split Date

Stock Split Ratio

October 1, 2023

4-for-1 share split

October 1, 2025

2-for-1 stock split

Status of Acquisition of Treasury Stock

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

From February 13, 2026 to February 25, 2026

Market purchase on the Tokyo Stock Exchange

108,200

99,912,300

Status of Cancellation of Treasury Stock

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