Shareholder Return
Return Policy
The policy of the Company is to continuously and stably distribute dividends while strengthening its financial position and management base through growth investment,
R&D investment, and capital investment in order to enhance long-term shareholder value, while also striving to achieve dividend increases in line with growth and stable,
predictable dividend payments.
Under this policy, the Company targets a dividend payout ratio of approximately 30% and aims to implement a progressive dividend policy, taking into account business performance
trends and the balance with growth investments.
Fluctuations in Dividends
| Dividend | Dividend per share (annual) | Interim dividend (paid in December of relevant year) |
Year-end dividend (paid in June of following year) |
Dividend payout (consolidated) (%) |
|---|---|---|---|---|
| 2019 | 12.0 | 0.0 | 12.0 | 92.0 |
| 2020 | 12.0 | 0.0 | 12.0 | 47.5 |
| 2021 | 12.0 | 0.0 | 12.0 | 25.6 |
| 2022 | 18.0 | 0.0 | 18.0 | 19.5 |
| 2023 | 23.0 | 0.0 | 23.0 | 20.4 |
| 2024 | 25.0 | 0.0 | 25.0 | 19.0 |
| 2025 | 25.0 | 0.0 | 25.0 | 37.8 |
| 2026（forecast） | 38.0 | 0.0 | 38.0 | 30.5 |
Acquisition of Treasury Shares
Not planned at present.
Special Benefit for Shareholders
Not planned at present.