Shareholder Returns
(dividends, acquisition of treasury shares)
Shareholder Returns Policy
We view profit returns to shareholders as a core management issue.
We will continue to pay stable and continuous dividends to shareholders.
We also proactively evaluate the acquisition of treasury shares.
Dividend Policy
We will continue to pay stable and continuous dividends to shareholders. Funds for internal retention are used towards capital expenditure investments aimed at improving our corporate value, and growth strategy investments such as investments in new businesses and R&D investments.
Our basic policy is to issue dividends for surplus income twice per year in the form of an interim dividend and a year-end dividend.
For the surplus income dividend, the General Meeting of Shareholders sets the year-end dividend amount and the Board of Directors sets the interim dividend amount. Our Articles of Incorporation outlines that ""In accordance with Article 454, Section 5 of the Companies Act, we may, pursuant to a resolution by the Board of Directors, issue interim dividends with September 30 of each year as the date of reference.
Status of dividends
To meet shareholder expectations and promote profit returns based on our dividend policy, we will pay an interim dividend of 26 yen per share and a year-end dividend of 26 yen per share for FY2022, resulting in an annual dividend of 52 yen per share for FY2022.
Our FY2023 forecast is an interim dividend of 26 yen per share and a year-end dividend of 26 yen per share. This will result in a planned full-year dividend amount of 52 yen per share.
| Interim Dividend (Yen) | Year-End Dividend (Yen) | Full-Year (Yen) | Dividend payout Ratio(％) | |
| FY2013 (Actual) | 13.0 | 13.0 | 26.0 | 27.4 |
| FY2014 (Actual) | 13.0 | 17.0 | 30.0 | 27.6 |
| FY2015 (Actual) | 17.0 | 18.0 | 35.0 | 32.6 |
| FY2016 (Actual) | 22.0 | 22.0 | 44.0 | 31.2 |
| FY2017 (Actual) | 23.0 | 25.0 | 48.0 | 30.0 |
| FY2018 (Actual) | 25.0 | 25.0 | 50.0 | 37.1 |
| FY2019 (Actual) | 27.0 | 29.0 | 56.0 | 29.4 |
| FY2020 (Actual) | 26.0 | 26.0 | 52.0 | 40.6 |
| FY2021 (Actual) | 26.0 | 26.0 | 52.0 | 38.9 |
| FY2022 (Actual) | 26.0 | 26.0 | 52.0 | 73.0 |
| FY2023 (Forecast) | 26.0 | 26.0 | 52.0 | 68.8 |
Status of treasury share acquisition
To implement dynamic capital strategies suitable to our management environment, in accordance with the provisions of Companies Act Article 165, Section 2, our Articles of Incorporation allows that our company may, pursuant to a resolution by the Board of Directors, acquire treasury shares via market transactions, etc.
- Status of acquisition for current fiscal year based at General Meeting of Shareholders and the Board of Directors
- None in particular.
- Past acquisition history
-
Acquisition period Acquisition method No. of shares acquired (shares) Amount (million yen) September 20, 2006
to October 26Market purchase on Tokyo Stock Exchange 920,000 994