Shareholder Returns (Dividends, etc.)

Profit Return Policy

The Company recognizes that the stable, continued return of profits to our shareholders over the long term will lead to an increase in shareholder value. Our basic policy regarding profit distribution is to improve shareholder value through reinvestment of profits from a medium- to long-term perspective and directly return profits to shareholders through dividends, etc., from a comprehensive perspective.

Changes in dividends (JPY)

2019/5 2020/5 2021/5 2022/5 2023/5
Dividends per share
(End of period) (JPY)
19.0
(2.5)
25.0 35.0 43.0 50.0
Net asset dividend ratio (%) 1.4 1.8 2.3 2.6 2.7
  • *The number in parentheses for 2019/5 denotes commemorative dividends for the listing change to the first section of the Tokyo Stock Exchange.
  • *On December 1, 2020, a stock split was carried out at a ratio of 2 shares per share of common stock. Dividend amounts prior to FY5/20 are retroactive figures for this split.

Stock split

On December 1, 2020, a stock split was carried out at a ratio of 2 shares per share of common stock.

Treasury shares

(shares)

No. of Shares Held at the Beginning of the Period No. of Shares Acquired for the Fiscal Year No. of Treasury Shares Processed for the Fiscal Year No. of Treasury Shares Held at the End of the Period Ratio of Owned to Total No. of Issued Shares at the End of the Period
FY5/22
(FY2021)
158,502 304,968 0 463,740 2.88%
FY5/23
(FY2022)
463,740 40 14,338 449,402 2.88%
  • *The Company and its consolidated subsidiaries have introduced a stock-based compensation system utilizing a trust. The number of treasury shares held at the end of the period includes the number of Company shares owned by the trust (FY5/23: 448,735, FY5/22: 463,113).
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