Shareholder Returns

Dividend Policy

The Company regards the return of profits to shareholders as its most important management task and adopts a performance-based policy for cash dividends based on consolidated net income. The Company appropriates the remaining surplus to internal reserves 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, 2024, the Company paid an interim dividend of 23 yen per share, and at a meeting held on February 14, 2025 the Board of Directors passed a resolution to pay a year-end dividend of 32 yen per share, for an annual dividend of 55 yen per share. This represents a dividend payout ratio of 35.7%.

With respect to dividends for the fiscal year ending December 31, 2025, the Company plans to pay an annual dividend of 64 yen (an interim dividend of 32 yen per share and a year-end dividend of 32 yen), with a consolidated dividend payout ratio of 36.2%, based on the earnings forecast for the fiscal year ending December 31, 2025 and the shareholder return policy.

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