While maintaining its policy of prioritizing growth investments and M&A, the Company aims to achieve a total payout ratio of 100% from the fiscal year ending March 31, 2027 through the fiscal year ending March 31, 2030.
The Company will maintain stable dividends based on a payout ratio of 40% of consolidated earnings or a dividend on equity (DOE) ratio of 7%, whichever is higher, and will flexibly acquire treasury shares, while securing the funds necessary for growth investments and M&A, to further enhance shareholder returns.
Distribution of Profits
Policy for Decisions on Dividends
(yen)
| 2023/3 |
2024/3 |
2025/3 |
2026/3 |
2027/3 (Forecast) |
|
|---|---|---|---|---|---|
| Interim | 7.0 | 9.0 | 12.0 | 21.0 | 22.0 |
| Year-end | 14.0 | 19.0 | 22.0 | 31.0 | 32.0 |
| Annual | 21.0 | 28.0 | 34.0 | 52.0 | 54.0 |
■Year-end
■Interim
(yen)

The dividend graph for the fiscal year ending March 31, 2026 shows the expected amount.