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Shareholder Return

Shareholder Return Policy

Considering its consolidated earnings performance of each fiscal year, the strengthening of its financial position, the Group's business strategy going forward and other factors, the Company aims to achieve sustainable corporate value enhancement by appropriately and actively promoting business foundation strengthening and growth investments for high growth, while also pursuing continuous improvement in shareholder returns based on appropriate profit distribution in line with business expansion.
Regarding dividends of surplus, the minimum annual dividend per share will be ¥18. If 50% of the profit attributable to owners of parent per share exceeds this ¥18 minimum, a dividend will be paid based on 50% of the profit attributable to owners of parent per share. This approach prioritizes dividend consistency and stability while ensuring profit distribution remains within our distributable earnings.
We also intend to acquire own shares on an ongoing basis by comprehensively taking into account market conditions, opportunities to invest in businesses, capital efficiency, the level of share price, etc. and to implement such share repurchases in a flexible manner.
Retained earnings will be used for investments in high-growth and profitable business domains, as well as for investments to improve the efficiency and vitalization of existing businesses, and for educational investment to develop human resources.

Dividend

For the fiscal year ending December 31, 2026, the Company plans to pay an annual dividend of ¥18 per share in accordance with its shareholder return policy.

The Company has traditionally provided shareholder returns through an annual year-end dividend. However, to enhance opportunities for shareholder returns and further increase the investment attractiveness of its shares, the Company has decided on a policy to pay dividends from surplus twice a year, consisting of an interim dividend (dividend of surplus during the fiscal year) and a year-end dividend, starting from the fiscal year ending December31, 2026.

By distributing dividends twice a year under this policy, the Company aims to allow shareholders to share in the results of its growth at an earlier timing during the fiscal year. At the same time, the Company strives to create an environment that encourages the stable, long-term holding of its shares.

Dividend Schedule for the Fiscal Year Ending December 31, 2026

Dividend of surplus during the fiscal year

Record date
June 30, 2026
Payment date
Around September 2026
*The detailed schedule will be announced once finalized.
Forecast of dividend of
surplus during the fiscal year
¥9.00


Year-end dividend

Record date
December 31, 2026
Payment date
Around March 2027
*The detailed schedule will be announced once finalized.
Forecast of year-end dividend
¥9.00

*There is no change to the Company’s policy regarding the determination of the total annual dividend amount. For the fiscal year ending December 31, 2026, the Company plans to pay an annual dividend of ¥18 per share, which is the same amount as the year-end dividend for the fiscal year ended December 31, 2025.

Trend of Actual Dividend

FY2022 FY2023 FY2024 FY2025 FY2026
(forecast)
Annual dividend per share
(After adjustment of stock split)
¥4.6 ¥5.2 ¥31.35 ¥18.0 ¥18.0
Payout ratio (consolidated) 15.1% 25.1% 117.6% 106.9% 85.8%

Acquisition of Own Shares

Acquisition period Number of shares acquired
(shares)
Total amount
(thousand yen)
From Feb. 17, 2023 to Mar. 17, 2023 2,200,000 748,485
From Nov. 24, 2016 to Dec. 2, 2016 1,800,000 630,452
Dec. 22, 2009 2,075 66,918
From Apr. 1, 2009 to May 29, 2009 4,604 159,206
From Jul. 19, 2006 to Aug. 1, 2006 1,000 137,429
From Sep. 14, 2005 to Sep. 30, 2005 894 248,455
From Oct. 21, 2004 to Oct. 31, 2004 189 879
From Apr. 15, 2002 to Dec. 19, 2002 803 133,114

Shareholder Benefit Program

The Company recognizes that returning profits to shareholders is one of the key management issues. The Company has decided to introduce a shareholder benefit program to express its gratitude to shareholders for their ongoing support, while also aiming to further enhance the investment attractiveness of its shares and encourage a greater number of shareholders to hold the shares over the medium to long term.

Record Date
December 31, 2026
Eligible shareholders
Shareholders who are listed or recorded in the Company’s shareholder register as of December 31 of each year and who hold 1,000 shares or more.
Content of the benefits
The Company will grant ¥5,500 worth of "benefit points" to eligible shareholders. These benefit points can be exchanged for various types of electronic money.
Timing of granting benefits
The Company plans to enclose the information regarding the benefits with the "Notice of Convocation of the Ordinary General Meeting of Shareholders" to be dispatched in early March of each year.