Dividend policy, Dividend
Dividend policy
We believe that providing returns through ongoing improvements to corporate value is an important management issue, and have adopted a basic policy of maintaining stable dividends while at the same time augmenting shareholders’ equity and improving profitability.
The Company primarily utilizes internal capital reserves for R&D and global business development, and endeavors to secure profit in the medium to long term and strengthen its financial structure.
Regarding our shareholder return policy from FY2025 to FY2027, we commit a minimum of 103.8 yen per share, which is equivalent to DOE of 4% based on the results of FY2024. In addition, we will consider share buybacks and commemorative dividends flexibly in light of the market and business performance, aiming for a total payout ratio of 50% or more.
The Board of Directors decided to stipulate in the Articles of Incorporation that the Company can use retained earnings for dividends. The Company has set a basic policy of paying two dividends a year, namely an interim dividend and a year-end dividend.
Please see below for information on dividend forecasts.
Trends in Dividend
Shareholder Benefits
There is no Shareholder Benefit Prgram.
November 12, 2021 Notice Concerning Abolition of Shareholder Benefit Program