SHAREHOLDER RETURNS (DIVIDENDS AND SHARE BUYBACKS) Shareholder Returns (Dividends and Share Buybacks)
Dividend Policy
- Maintain stable dividends while returning profits to shareholders based on consolidated earnings from a medium- to long-term perspective after taking into consideration the balance between proactive business development for sustainable growth and enhancement of corporate value, and financial soundness to prepare for various risks.
- Aiming to pay continuous and stable dividends, we will pay annual dividends of 4.0% or more of DOE (consolidated dividend on Shareholders' equity ratio).
- Flexibly acquire its treasury shares depending on timing and the financial situation in order to enhance shareholder returns and capital efficiency.
- Note: No stock consolidations or stock splits have been performed.
Dividend Trends
Shareholder Benefits System
Objective of the shareholder benefits system
We are grateful for the support of our shareholders and aim to have more people develop a deeper understanding of our business. To that end, to enhance our company’s name recognition, make investing in our stock more attractive, and encourage long-term ownership of our shares, we are introducing a shareholder benefits system.
Overview of the shareholder benefits system
Eligible shareholders
Shareholders who own at least 100 shares (1 share unit) and are registered or recorded in our shareholder registry as of the end of March of each year.
Shareholder benefits
Eligible shareholders will receive a QUO card for the amounts listed below based on the number of shares owned and the period of ownership.
| Shares owned | Owned for less than 2 years | Owned for at least 2 years (long-term owner benefits) * |
|---|---|---|
| 100 - 499 shares | ¥1,000 | +¥1,000 to the sum at left |
| 500+ shares | ¥2,000 | +¥1,000 to the sum at left |
Gift card mailings
With March 31 as the date of record, the cards are mailed once per year with the Shareholder Newsletter sent out after the Ordinary General Meeting of Shareholders.
Shareholder benefits system start date
The system will enter operation with shareholders who own at least 100 shares (1 share unit) and are registered or recorded in our shareholder registry as of the end of March 2025.
* About long-term owner benefits
- “Shareholders who have owned shares for at least two years” are defined as those who have appeared in the shareholder registry with the same shareholder number at least five consecutive times, using the end of March and the end of September as dates of record each year.
- The determination of the ownership period for the purpose of long-term owner benefits will be calculated by counting back from March 31, 2025 (date of record).
- If, between the 1st and 5th listings in the registry, the number of shares owned falls below 100 (1 share unit) or there are any interruptions in the continuity of the record of the same shareholder number’s ownership, the shareholder will not be considered a long-term owner due to failing to meet the continuous ownership requirement.
| March 31, 2023 | September 30, 2023 | March 31, 2024 | September 30, 2024 | March 31, 2025 (Start of the benefits system) |
|---|---|---|---|---|
| (1st time) | (2nd time) | (3rd time) | (4th time) | (5th time) |
| - | 6-month owner | 1-year owner | 1-year, 6-month owner | 2-year owner |
Treasury Stock Buyback Status
| Buyback Period | Method | Total Number of Shares Bought Back | Total Buyback Value |
|---|---|---|---|
| May 9 - August 3, 2023 | Market purchase on the Tokyo Stock Exchange | 445,100 shares | ¥999,943,300 |
| November 1 - December 31, 2021 | Market purchase on the Tokyo Stock Exchange | 363,000 shares | ¥599,835,100 |
| October 31, 2019 - January 31, 2020 | Market purchase on the Tokyo Stock Exchange | 266,100 shares | ¥299,955,100 |