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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