Shareholder Returns

We recognize that maximizing shareholder value is an important management issue. Our basic policy is to maximize shareholder value through measures such as stable progressive dividends * with a payout ratio of 40% or more, stock splits, share repurchases, and share cancellations, while increasing earnings per share through sustained growth and improved performance.

*A dividend policy that, in principle, does not reduce dividends but maintains or increases dividends.
For the fiscal year ending March 2026, we have determined to pay an interim dividend of 20 yen per share, a year-end dividend of 69 yen per share, and an annual dividend of 89 yen per share (consolidated dividend payout ratio of 40.2%, consolidated DOE of 5.8%).

For the fiscal year ending March 2027, we plan to pay an interim dividend of 32 yen per share, a year-end dividend of 60 yen per share, and an annual dividend of 92 yen per share (consolidated dividend payout ratio of 41.2%).