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Returns to Shareholders and Dividend

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The fundamental view over the Returns to Shareholders

Our basic policy on profit sharing is to pay dividends based on consolidated payout ratio of around 40% or above, comprehensively taking into consideration our medium-term profit forecast, investment plans, and cash flows.

History of our dividend

Basic Policy Consolidated payout ratio of at least 30% Consolidated payout ratio of around 40% or above Payout Ratio 37% 36% 38% 37% 35% 35% 33% 33% 43% 44% 41% Dividend per share : Yen FY2015 interim deviend : 20 year-end diviend : 25, FY2016 interim deviend : 20 year-end diviend : 30, FY2017 interim deviend : 25 year-end diviend : 35, FY2018 interim deviend : 25 year-end diviend : 35, FY2019 interim deviend : 30 year-end diviend : 30, FY2020 interim deviend : 20 year-end diviend : 40, FY2021 interim deviend : 30 year-end diviend : 45, FY2022 interim deviend : 40 year-end diviend : 50, FY2023 interim deviend : 50 year-end diviend : 70, FY2024 interim deviend : 60 year-end diviend : 80, FY2025 interim deviend : 70 Forecast 150
  • *
    The starting of paying a dividend-interim dividend : Late in August / year-end dividend : Late in March

(Dividend:Yen / Payout Ratio:%)

Business Term FY Interim Year End Full Year Payout Ratio
(Full Year)
56th 2024 60 80 140 44
55th 2023 50 70 120 43
54th 2022 40 50 90 33
53rd 2021 30 45 75 33
52nd 2020 20 40 60 35
51st 2019 30 30 60 35
50th 2018 25 35 60 37
49th 2017 25 35 60 38
48th 2016 20 30 50 36
47th 2015 20 25 45 37

Status of Treasury Stock

Acquisition period Means of acquisition Aggregate number of
shares acquired
Acquisition cost
December 12, 2024 Repurchase of shares on the Tokyo Stock Exchange Trading Network Off Auction Own Share Repurchase Trading System (ToSTNeT-3) 747,500 3.7 billion yen
July 25, 2024 to
August 22, 2024
Acquisition through a tender offer 20,025,320 81.9 billion yen
November 5, 2013 to
December 12, 2013
Market purchase in the form of trust 3,402,900 5 billion yen
October 24, 2012 to
December 3, 2012
Market purchase in the form of trust 4,248,200 5 billion yen
November 8, 2010 to
December 3, 2010
Market purchase in the form of trust 4,348,500 5 billion yen
October 24, 2008 to
November 12, 2008
Market purchase in the form of trust 3,406,100 5 billion yen
August 11, 2008 to
September 11, 2008
Market purchase in the form of trust 2,861,300 5 billion yen
February 14, 2008 to
March 11, 2008
Market purchase in the form of trust 2,764,700 5 billion yen
October 23, 2007 to
November 27, 2007
Market purchase in the form of trust 2,257,200 5 billion yen
August 10, 2007 to
September 5, 2007
Market purchase in the form of trust 2,368,300 5 billion yen
  • *
    The Company cancelled 20,000,000 of its own stock at March 11,2020.
  • *
    The Company cancelled 20,000,000 of its own stock at September 30,2024.