Stock Information

We consider that returning profits to shareholders is one of our most important management responsibilities. Accordingly, we aim to stabilize and strengthen our management base over the long term and increase our corporate value. Our basic dividend policy is to pay dividends on a steady and sustained basis, taking into account trends in consolidated performance. In principle, we distribute surplus twice a year in the form of interim and year-end dividends.
During the period of the Medium-term Business Plan 2026, which commenced in fiscal year 2024, we aim to implement "progressive dividends with a consolidated dividend payout ratio of 30% or more" as an active shareholder return that meets market expectations. For the remaining period of Medium-term Business Plan 2026 (the fiscal year ending March 31, 2026, and the fiscal year ending March 31, 2027), we have decided on a policy to implement a progressive annual dividend per share with a consolidated payout ratio of 30% or more and a consolidated dividend on equity (DOE) of 3% or more.
The company stipulates in its Articles of Incorporation that “The company may determine the matters stipulated in each item of Article 459, Paragraph 1 of the Companies Act, including the distribution of surplus, by resolution of the Board of Directors, except as otherwise provided by laws and ordinances.”
Internal reserves are used to improve future corporate performance by reinforcing our financial footing and preparing for financial needs to enhance competitiveness and functions from a medium- to long-term perspective.

※As a 10-for-1 stock split was implemented on October 1, 2024, the dividend amount for the fiscal year ended March 31, 2024 is shown after stock adjustment.