Shareholder Return and Dividends

Shareholder Return Policy

Under our Medium-Term Management Program “IGNITION 2028,” we maintain stable and sustainable dividends as a base, while pursuing progressive dividends supported by profit growth. Furthermore, we aim for a DOE of 3% or higher in FY 2028.
We implement flexible share buybacks, with due consideration to both strengthening our financial position and optimizing our capital structure.

100th Anniversary Commemorative Dividend

The Company celebrated its 100th anniversary on April 16, 2026.
The Company would like to express its sincere appreciation to its shareholders and all stakeholders for their continued support over many years.
In order to commemorate this milestone and express its appreciation to shareholders, the Company plans to pay a commemorative dividend of 3 yen per share as part of the interim dividend for the fiscal year ending March 31, 2027.
In addition, under its new medium-term management program, “IGNITION 2028,” which commenced in the current fiscal year, the Company has set forth its shareholder return policy to maintain stable and sustainable dividends while pursuing progressive dividends supported by profit growth. Based on the current financial outlook and other factors, the Company forecasts a year-end dividend of 13 yen per share for the fiscal year ending March 31, 2027.

Cash Dividend Results


FY Interim*1 Year-end*2 Total Dividend Payout Ratio
2026
The 146th
13.0 yen*3
(Plan)
13.0 yen
(Plan)
26.0 yen
(Plan)
42%
(Plan)
2025
The 145th
10.0 yen 10.0 yen 20.0 yen 38%
2024
The 144th
9.0 yen 9.0 yen 18.0 yen 37%
2023
The 143rd
9.0 yen 9.0 yen 18.0 yen 132%
2022
The 142nd
9.0 yen 9.0 yen 18.0 yen 40%
2021
The 141th
8.0 yen 8.0 yen 16.0 yen 30%
2020
The 140th
4.5 yen 4.5 yen 9.0 yen 31%
2019
The 139th
8.0 yen 8.0 yen 16.0 yen 46%
2018
The 138th
8.0 yen 8.0 yen 16.0 yen 32%
2017
The 137th
7.0 yen 8.0 yen 15.0 yen 25%

*1:Dividend payment date: early December
*2:Dividend payment date: late June
*3:Including 100th anniversary commemorative dividend

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