Dividends and Dividend Policy

Dividend Policy

We position the return of profits to shareholders as a key management priority.

Under the Medium-Term Management Plan (MTMP) 2025–2027, we aim to balance growth investments with shareholder returns by enhancing capital efficiency and strengthening our balance sheet.

Our dividend policy for the MTMP 2025–2027 is as follows:

We have maintained a dividend payout ratio of 100% since the fiscal year ended March 2023, and continued at the same level for the fiscal year ended March 2026.

From the fiscal year ending March 2027 onward, we will adopt a progressive dividend policy to ensure stable and sustainable dividends.

Total Dividends and Dividend Payout Ratio

	FY2021	FY2022	FY2023	FY2024	FY2025
Dividends per share (yen) (interim dividend per share)	27.50 （6.00）	66.50 （12.00）	79.00 （26.50）	80.00 （29.00）	76.00 （34.50）
Payout ratio (%)	55.8	98.7	99.7	101.1	100.2

*The Company implemented a 2-for-1 stock split of its common shares effective June 1, 2025. Dividend amounts for periods prior to the fiscal year ended March 2025 have been adjusted to reflect the stock split.

*The year-end dividend for the fiscal year ended March 2022 includes a special dividend of JPY 7.5.

*The year-end dividend for the fiscal year ended March 2025 includes a special dividend of JPY 2.