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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 36% 38% 37% 35% 35% 33% 33% 43% 44% 45% 46% Dividend per share : Yen 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 year-end diviend : 100, FY2026 Forecast* : 180
  • *
    The Company has resolved, at the meeting of the Board of Directors held on January 28, 2026, to conduct share split in the proportion of two shares for one share, with the record date set as March 31, 2026 and the effective date set as April 1, 2026. The annual dividend per share for the year ending December 31, 2026 (forecast) represents the amounts stated prior to giving effect to the share split. It should be noted that the annual dividend per share for the year ending December 31, 2026 (forecast) after giving effect to the share split would be 90.00 yen.
  • *
    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 Annual Payout Ratio
(Full Year)
57th 2025 70 100 170 45
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

Status of Treasury Stock

Acquisition period Means of acquisition Aggregate number of
shares acquired		 Acquisition cost:Yen
October 27, 2025 to
December 19, 2025		 Market purchase in the form of trust 1,492,800 9,999,455,500
July 24, 2025 Repurchase of shares on the Tokyo Stock Exchange Trading Network Off Auction Own Share Repurchase Trading System (ToSTNeT-3) 202,700 1,066,202,000
December 12, 2024 Repurchase of shares on the Tokyo Stock Exchange Trading Network Off Auction Own Share Repurchase Trading System (ToSTNeT-3) 747,500 3,718,812,500
July 25, 2024 to
August 22, 2024		 Acquisition through a tender offer 20,025,320 81,923,584,120
November 5, 2013 to
December 12, 2013		 Market purchase in the form of trust 3,402,900 4,999,939,300
October 24, 2012 to
December 3, 2012		 Market purchase in the form of trust 4,248,200 4,999,973,500
November 8, 2010 to
December 3, 2010		 Market purchase in the form of trust 4,348,500 4,999,952,200
October 24, 2008 to
November 12, 2008		 Market purchase in the form of trust 3,406,100 4,999,932,400
August 11, 2008 to
September 11, 2008		 Market purchase in the form of trust 2,861,300 4,999,986,000
February 14, 2008 to
March 11, 2008		 Market purchase in the form of trust 2,764,700 4,999,986,000
October 23, 2007 to
November 27, 2007		 Market purchase in the form of trust 2,257,200 4,999,873,000
August 10, 2007 to
September 5, 2007		 Market purchase in the form of trust 2,368,300 4,999,843,800
  • *
    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.