Shareholder returns (dividends, etc.)
Matching policy
The Company believes that it is important to return profits to shareholders in an appropriate manner in line with the Company’s business performance, while at the same time enhancing retained earnings to strengthen the management base and prepare for future business development. In accordance with this policy, dividends from retained earnings are determined after comprehensive consideration of consolidated business performance, financial condition, dividend payout ratio, and other factors.
The Company’s basic policy is to pay a year-end dividend once a year. However, the Company has adopted an interim dividend system as stipulated in Article 454, Paragraph 5 of the Companies Act, and the Articles of Incorporation stipulate that the Board of Directors is the decision-making body for both year-end and interim dividends.
Dividend per share
(Unit: Yen)
| 2020/3 | 2021/3 | 2022/3 | 2023/3 | 2024/3（estimated） | |
|---|---|---|---|---|---|
| Ordinary dividend | 12 | 12 | 14 | 15.5 | 16 |
| Commemorative dividend | – | – | – | – | – |
Acquisition of treasury stock
The Company repurchased 283,500 shares of its own stock on May 25, 2017 based on a resolution of the Board of Directors meeting held on May 15, 2017.
Notice Concerning Status and Completion of Acquisition of Treasury Stock (121KB)
Shareholder Benefit Program
At the Board of Directors meeting held on October 31, 2022, a resolution was passed to introduce a shareholder benefit program.