Dividend Information

Dividend Policy

We regard the return of profits to shareholders as an important management issue. Our basic policy is to distribute earnings in accordance with business results while retaining the surplus required for business development and maintenance of financial soundness to increase corporate value. We aim for a consolidated dividend payout ratio of 40% or more.

Dividends

　　

Fiscal Year		Annual Dividend (Adjusted)	Annual Dividend (Before Adjustment)
			Interim	Year-End	Total
FY12/2026	Forecast	7.75	-	4.00	-
	Actual	-	7.50	-	-

Fiscal Year	Annual Dividend (Adjusted)	Annual Dividend (Before Adjustment)
		Interim	Year-End	Total	Payout Ratio
FY12/2025	3.00	2.50	3.50	6.00	43.5%
FY12/2024	1.00	0.00	2.00	2.00	51.9%
FY12/2023	0.50	0.00	1.00	1.00	-
FY12/2022	0.50	0.00	1.00	1.00	-
FY12/2021	4.35	4.00	4.70	8.70	35.2%
FY12/2020	6.60	6.60	6.60	13.20	46.9%
FY12/2019	6.50	6.50	6.50	13.00	36.7%
FY12/2018	6.00	5.50	6.50	12.00	39.5%

1. A two-for-one stock split was conducted effective July 1, 2026. The interim dividend for FY12/2026 is based on shares prior to the stock split.