Stock Information
Dividends and Return to Shareholders
Shareholder Return Policy
Based on the recognition that providing superior returns to shareholders is one of the highest management priorities, it is the Company’s basic policy to increase profit distribution in a stable manner while enhancing corporate value, determining the specific amount of dividend for each fiscal year by taking into consideration the maintenance of internal reserves to be used for capital investment in production facilities in growing businesses, investment for technological development in new businesses, and investment for market development.
The Company’s profit distribution policy is centered on “stable growth of dividends,” with dividends on equity (DOE) of 2.5% on a consolidated basis as a guideline.
Dividends
The interim dividend for the fiscal year under review is \25 per share, an increase of \1 per share from the latest dividend forecast, in light of performance for the first half exceeding the forecast figures due to growth in the CTC and FC/MD segments.
With the payment of a year-end dividend of ¥31 per share (an increase of \4 per share from the latest dividend forecast) for the 88th fiscal year, the Company’s full-year dividend expects to be ¥56 per share (consolidated payout ratio of 33.6%).
We have decided to submit this to the 88th annual general meeting of shareholders to be held on June 26, 2026.
With respect to dividends for the 89th fiscal year, the Company expects to pay \64 per share for annual dividends (interim dividend of \32 and year-end dividend of \32)
(Announced May 13, 2026)
| Interim | Year end | Total | Consolidated dividend payout ratio | |
|---|---|---|---|---|
| 89th (4/2026～3/2027) | 32(E) | 32(E) | 64(E) | 32.2%(E) |
Dividends change
| Interim | Year end | Total | Consolidated dividend payout ratio | |
|---|---|---|---|---|
| 88th (4/2025～3/2026) | 25 | 31 | 56 | 33.6% |
| 87th (4/2024～3/2025) | 24 | 24 | 48 | 50.2% |
| 86th (4/2023～3/2024) | 22 | 22 | 44 | 67.8% |
| 85th (4/2022～3/2023) | 25 | 25 | 50 | 37.0% |
| 84th (4/2021～3/2022) | 18 | 22 | 40 | 19.8% |
| 83rd (4/2020～3/2021) | 16 | 20 | 36 | 19.5% |
| 82nd (4/2019～3/2020) | 14 | 16 | 30 | 17.7% |
| 81st (4/2018～3/2019) | 12 | 14 | 26 | 23.8% |
| 80th (4/2017～3/2018) | 8 | 14 | 22 | 19.0% |
| 79th (4/2016～3/2017) | 6 | 12 | 18 | 15.1% |
| 78th (4/2015～3/2016) | 6 | 8 | 14 | 67.9% |
| 77th (4/2014～3/2015) | 4 | 10 | 14 | 17.4% |
| 76th (4/2013～3/2014) | 4 | 5 | 9 | 28.6% |
| 75th (4/2012～3/2013) | 4 | 5 | 9 | 30.1% |
| 74th (4/2011～3/2012) | 3 | 6 | 9 | 52.8% |
| 73rd (4/2010～3/2011) | 9 | 9 | 18 | 61.4% |
| 72nd (4/2009～3/2010) | 6 | 9 | 15 | 36.6% |
| 71st (4/2008～3/2009) | 9 | 3 | 12 | - |
| 70th (4/2007～3/2008) | 9 | 9 | 18 | 93.1% |
| 69th (4/2006～3/2007) | 9 | 9 | 18 | 26.4% |
| 68th (4/2005～3/2006) | 7 | 9 | 16 | 26.2% |
| 67th (4/2004～3/2005) | 7 | 7 | 14 | 21.6% |
| 66th (4/2003～3/2004) | 6 | 6 | 12 | 13.9% |
| 65th (4/2002～3/2003) | 4 | 4 | 8 | 34.5% |
| 64th (4/2001～3/2002) | 4 | 4 | 8 | 97.3% |