Return to Shareholders
Shareholder Returns Policy
The Company positions the return to shareholders as an important managerial issue. With the aim of maintaining a total return ratio between 30% and 50%, we will pay stable and consistent dividends and flexibly repurchase shares after comprehensive consideration of our business performance, investment plans, and the business environment.
Dividend and Payout ratio
Dividend
The Company has determined to pay a final dividend of ¥58 per share for the fiscal year ended March 31, 2024, revising upward its latest ordinary dividend payment forecast of ¥38 per share by ¥10 to ¥48 given the better-than-projected consolidated financial results for the fiscal year and other reasons, and adding the 70th commemorative dividend of ¥10.
This will bring the Company’s annual dividend per share to ¥106 (Ordinary dividend: ¥86.00, Commemorative dividend: ¥20.00) including an interim dividend per share of ¥48 which the Company has already paid.
* Forward-looking statements are based on the information available at the time of announcement (May 13, 2024) and are subject to various risks and uncertainties that could cause actual results to vary materially.
Dividend Payout Ratio
Stock Prices
| FYE 2019 | FYE 2020 | FYE 2021 | FYE 2022 | FYE 2023 | |
|---|---|---|---|---|---|
| Highest (yen) | 3,736 | 3,184 | 2,684 | 2,413 | 2,653 |
| Lowest (yen) | 2,209 | 1,876 | 1,672 | 1,665 | 1,798 |
*Share prices are Tokyo Stock Exchange (Prime Market) market quotations.
