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 2.2% on a consolidated basis as a guideline. In addition, we will flexibly use share buybacks as appropriate in response to changes in the external and internal business environment.
Dividends
With respect to the operating results for the current fiscal year (fiscal year ended March 31, 2025), the Company achieved a recovery from the previous fiscal year, when the Company recorded decreases in operating profit and all other profit categories. Consolidated net sales were 82.8 billion yen (up 7.8% year on year) and consolidated operating profit was 4.2 billion yen (up 161.2% year on year), representing significant increases in both sales and profit. However, the results still fell far short of the “minimum 10” target under the medium-term management plan (to secure at least 10% for the operating profit growth rate, operating profit margin, return on equity (ROE) and return on invested capital (ROIC)), with the exception of the operating profit growth rate.
With the payment of a year-end dividend of ¥24 per share for the 87th fiscal year, the Company’s full-year dividend expects to be ¥48 per share (consolidated payout ratio of 50.2%).We have decided to submit this to the 87th annual general meeting of shareholders to be held on June 26, 2025.
With respect to dividends for the 88th fiscal year, the Company expects to pay ¥48 per share for annual dividends (interim dividend of \24 and year-end dividend of ¥24)
(Announced May 15, 2025)
| Interim | Year end | Total | Consolidated dividend payout ratio | |
|---|---|---|---|---|
| 88th (4/2025～3/2026) | 24 | 24(E) | 48(E) | - |
Dividends change
| Interim | Year end | Total | Consolidated dividend payout ratio | |
|---|---|---|---|---|
| 87th (4/2024～3/2025) | 24 | 24(E) | 48(E) | 50.2％(E) |
| 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％ |