Shareholder Returns/Dividends

Dividend Policy

Recognizing that returning profits to shareholders is an important management issue, the Company's basic policy is to maintain or increase dividends in accordance with the previous year's annual dividend per share, which is to increase dividends in line with sustained profit growth, with a target consolidated dividend payout ratio of 30%.

Dividend Information

The dividend forecast for the fiscal year ending March 31, 2026 is 36 yen per share (including an interim dividend of 18 yen).

Year ended Dividends
Interim Year-end Annual Total
March 2015 ¥9.00 ¥9.00 ¥18.00
March 2016 ¥10.00 ¥10.00 ¥20.00
March 2017 ¥10.00 ¥10.00 ¥21.00
March 2018 ¥11.00 ¥11.00 ¥22.00
March 2019 ¥11.00 ¥12.00 ¥23.00
March 2020 ¥12.00 ¥12.00 ¥24.00
March 2021 ¥12.00 ¥13.00 ¥25.00
March 2022 ¥13.00 ¥14.00 ¥27.00
March 2023 ¥14.00 ¥16.00 ¥30.00
March 2024 ¥16.00 ¥17.00 ¥33.00
March 2025 ¥17.00 ¥18.00 ¥35.00
March 2026 (forecast) ¥18.00 ¥18.00 ¥36.00