Shareholder Returns

Dividend Policy

The Company regards the return of profits to shareholders as one of its most important management tasks and adopts a performance-based policy regarding cash dividends based on consolidated net income. After dividends, the Company appropriates the remaining surplus to internal reserves to be used as investment funds for future growth.

In the four-year business plan for 2027 that started in April 2024, the Company aims to achieve a consolidated dividend payout ratio of 35% or more for each fiscal year.

For the fiscal year ended December 31, 2025, the Company paid an interim dividend of 34 yen per share, and at a meeting held on February 12, 2026 the Board of Directors passed a resolution to pay a year-end dividend of 44 yen per share. As a result, the annual dividend is projected to be 78 yen per share, and the consolidated dividend payout ratio is expected to be 36.7%.

With respect to dividends for the fiscal year ending December 31, 2026, the Company plans to pay an annual dividend of 82 yen (an interim dividend of 36 yen per share and a year-end dividend of 46 yen), with a consolidated dividend payout ratio of 37.7%, based on the earnings forecast for the fiscal year ending December 31, 2026 and the shareholder return policy.

We respectfully ask our shareholders and investors for their continued support.

Dividend trends and payment timing

Repurchase of own shares