Return to Shareholders
Shareholder Returns Policy
The Company positions shareholder returns as an important managerial issue and aims to maintain a total return ratio of 40% or higher with dividends as its base, comprehensively considering factors such as its business performance, investment plans, and business environment each fiscal year. The Company will pay dividends at the DOE rate (rate of dividends to equity attributable to owners of parent) of 3.5%. If its dividend amount is below a total return ratio of 40%, the Company will address the situation mainly through share repurchases. Equity attributable to owners of parent, which forms the basis of DOE, excludes “Other components of equity” that fluctuate significantly due to the impact of foreign exchanges and other factors, because the Company aims to deliver progressive dividend payments.
As for the interim dividend for the fiscal year ending March 2025, the ordinary dividend was increased by 10 yen to the previous fiscal year to 48 yen per share. The year-end dividend was 67 yen an increase of 19 yen from the previous fiscal year resulting in an annual dividend of 115 yen.
Trends in Shareholder Returns

*At the time of the financial results release for the fiscal year ended March 31, 2025, the Company withheld a decision on whether to repurchase treasury stock. Upon further consideration at the time of the financial results release for the first quarter of the fiscal year ending March 31, 2026, the Company resolved to repurchase treasury stock of up to 50 billion yen as a shareholder return for the fiscal year ended March 31, 2025.
Dividend

Forward-looking statements are based on the information available at the time of announcement (June 25, 2025) and are subject to various risks and uncertainties that could cause actual results to vary materially.
Dividend Yield
