Dividend Policy

Dividend Policy

Dividend Policy

Dividend Policy

The Group considers returning profit to shareholders the most important management policy. Our basic policy is to provide stable dividends with a consolidated payout ratio of 30% or more.
We plan to allocate internal reserves to expanding our business domains and capital expenditures to strengthen our business foundation.
Additionally, the basic policy for the number of dividends is to provide one dividend at the end of the fiscal year.

Dividend History

Dividend History
FY2015 FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025

per share

75yen 75yen 100yen* 75yen 75yen 75yen 75yen 75yen 75yen 75yen 75yen

payout ratio

67.5% 43.4% 49.9% 32.4% 51.4% 27.3% 30.0% 32.8% 171.2% - 45.3%
*Includes 90th anniversary commemorative dividend of 25 yen.
Note:On October 1, 2016, the Company carried out reverse share split on ordinary shares at a one for five ratio.
Figures prior to that have been restated to reflect the post-reverse share split.

Purchase of treasury shares

Purchase period Number of shares to be purchased Total amount for share purchase (Yen)
December 22,2017 2,104,000 5,403,072,000

Cancellation of treasury shares

Cancellation period Number of shares to be canceled
January 19,2018 2,104,000

Stock split

No stock splits have been conducted within the last five years.

Reverse stock split

Effective date Reverse stock split ratio
October 1,2016 5 : 1