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Shareholder Return

Shareholder Return Policy

Regarding dividends of surplus, in consideration of our consolidated earnings performance of each fiscal year, the strengthening of our financial position, the Group's business strategy going forward and other factors, we endeavor to return profits to shareholders within the range of our distributable amount, with a target dividend payout ratio of around 25% to profit attributable to owners of parent.
Furthermore, by setting a minimum annual dividend per share of ¥3 in principle, we will consider the continuity and stability of dividends, while basing on appropriate profit distribution in line with business growth.
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.
We 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.

Trend of Actual Dividend

FY2018 FY2019 FY2020 FY2021 FY2022
Annual dividend per share
(After adjustment of stock split)※
2.0 Yen 2.0 Yen 2.0 Yen 3.4 Yen 4.6 Yen
Payout ratio (consolidated) 29.8% - 17.3% 16.5% 15.1%

Acquisition of Own Shares

Acquisition period Number of shares acquired
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