Shareholder Returns / Dividends
Dividends
Our basic policy is to maintain and sustain stable dividends while increasing long-term corporate value and returning profits to shareholders. We will also consider increasing retained earnings in preparation for aggressive future business development. This could include expanding our overseas business and investing in R&D to develop new products while strengthening the management base and improving the balance sheet.
Regarding specific numerical criteria, we have previously set a target of "a payout ratio of 30% or higher and a dividend on equity (DOE) of 1.7% as a guideline on a consolidated basis." However, starting from the fiscal year ending March 2025, we have decided to revise this to "a payout ratio of 40% or higher and a dividend on equity (DOE) of 3.0% or higher on a consolidated basis."
For the fiscal year ending March 2025, the annual dividend per share has been increased by 18 yen from 31 yen (after stock split) for the fiscal year ending March 2024 to 49 yen.
