Dividend policy

Shareholder return is a key managerial focus for the Company. We aim to provide stable dividends to our shareholders taking into account the cash needs for investment to drive sustainable growth as well as the risk, financial performance and stability.


Specifically, while also accounting for future business needs, we will set 30% payout ratio to consolidated net income and 2% dividend on equity (DOE) as our metrics and pay the higher of the two amounts in order to provide stable dividends to our shareholders.

Changes in dividend amount per share and payout ratio (Consolidated)

FY2019 FY2020 FY2021 FY2022 FY2023 FY2024
Dividend Per Share(yen) 1Q ------
2Q 25.000.0040.0050.0055.00-
3Q ------
FY-End 25.0010.0060.0080.000.00-
Total 50.0010.00100.00130.0055.00-
Amount of Dividends(million yen) 6321261,2651,633677-
Payout Ratio(%) 32.249.633.337.415.5-
Dividend on equity ratio (DOE)(%)

Shareholder benefits

As per the "Notice Regarding the Dividend of Surplus (No Dividend Payment) and  the Discontinuation of the Shareholder Benefit Program " announced on February 9, 2024,  the Company passed a resolution to discontinue the shareholder benefit program which record date is December 31 of each year, conditional upon the successful completion of the Tender Offer. Therefore, if the Tender Offer is successfully completed, the Company’s shareholder benefit program will be discontinued effective from the shareholder benefits for shareholders eligible for shareholder benefits as of December 31, 2023.