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Dividends & Shareholder Returns

Shareholder Returns Policy

Our shareholder returns policy for the period from the fiscal year ending March 31, 2026 to the fiscal year ending March 31, 2028 is to maintain progressive dividends and to target a total payout ratio of 40% or more, including share repurchases.

Graph of share buybacks, dividends, profit, payout ratio, and dividend per share through FY2027. Targets include progressive dividends for 18 consecutive periods and a payout ratio of 40% or more.

Dividends

  Dividend per share (Yen) Earnings per share (Yen)
2026/3 120 350.95
2025/3 105 343.40
2024/3 93.33 313.98
2023/3 67.33 269.19
2022/3 53.33 210.54
2021/3 37.33 127.52
2020/3 36.67 128.42
2019/3 33.33 125.63
2018/3 31.33 123.36
2017/3 23.33 102.21
  • *A one-for-three split of its common stocks were carried out on July 1, 2024. Previous years' financial data is presented with values converted after the stock split.

Purchase of Treasury Stock

Repurchase Period Total number of shares repurchased (shares) Total repurchase price (Billion yen)
From May 1, 2026 to June 2, 2026 118,095,432 663.6
  • *Figures are rounded down to the nearest 100 million yen.

Cancellation of Treasury Stock

Cancellation Date Number of shares (shares)
June 30, 2026 118,095,432

Shareholder Benefits

The Company does not currently offer shareholder benefits.