Dividends and Shareholder Return

Shareholder return policy

We will build a stable return structure accompanied by sustainable profit growth. For dividends, we will target a consolidated dividend payout ratio of 50%, while raising our dividend on equity (DOE) range to 3% to 5% and maintaining stable dividend payments. To rapidly optimize the equity capital we build up (below 500.0 billion yen), we will execute aggressive share buyback.

Dividends

For fiscal 2025, we set the year-end dividend at a total of ¥62 per share. For fiscal 2026, we plan an annual dividend of ¥64 per share based on the shareholder return policy set out above and the business results forecast.

Dividends over time (Yen)

■ Shareholder return

In accordance with our shareholder return policy, we conducted share buybacks worth approximately ¥20 billion in fiscal 2025, in addition to the above dividends. In fiscal 2026, we are planning share buybacks for a maximum total of ¥50 billion in shares. We will continue to apply our shareholder return policy with an eye to achieving stable dividends and improving ROE.