Shareholder Returns
The following are the details on past dividends and our dividend policy. (As of August 13, 2025)
Dividends per Share and Payout Ratios
| FY 2014/3 |
FY 2015/3 |
FY 2016/3 |
FY 2017/3 |
FY 2017/94 |
FY 2018/9 |
FY 2019/9 |
FY 2020/9 |
FY 2021/9 |
FY 2022/9 |
FY 2023/9 |
FY 2024/9 |
||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend per Share (JPY) |
Mid | - | - | - | - | - | - | - | - | - | - | - | - |
| End | 2.37 | 2.88 | 4.50 | 5.663 | 0.82 | 6.02 | 4.40 | 5.29 | 3.62 | 2.25 | 4.26 | 0.73 | |
| Year | 2.37 | 2.88 | 4.50 | 5.663 | 0.82 | 6.02 | 4.40 | 5.29 | 3.62 | 2.25 | 4.26 | 0.73 | |
| Payout Ratio (Consolidated) |
20.0% | 24.3%2 | 20.0% | 24.3%3 | 20.0% | 25.0% | 23.8%5 | 60.8%6 | -8.1%6 | 25.0% | 52.9%7 | -1.1%6,7 | |
- 1 Due to the following stock splits, the previous fiscal year is calculated taking into account the impact of the splits.
The Company implemented a stock split at a ratio of three shares per share of common stock as the effective on January 1, 2014 and a stock split at a ratio of two shares per share of common stock effective on June 1, 2015. - 2 Due to the transition period to IFRS, the dividend payout ratio for the FY03/2015 was computed on the basis of net profit that excluded the “effects of NEXT’s acquisition of Trovit.” Thus, the resultant payout ratio was 24.3%.
- 3 To commemorate the twentieth year since the founding of the Company, 1.00 yen was added to the regular dividend of 4.66 resulting in a payout rate of 24.3%.
- 4 The Company changed the end of the fiscal year as of the fiscal year ended September 3, 2017. The fiscal year ended September 3, 2017 was an irregular six-month financial period which began on April 1, 2017 and ended on September 30, 2017.
- 5 Dividends for the FY2019 have been calculated based on the number of issued shares as of the end of the period.
- 6 Dividends for FY2020/9, FY2021/9,2024/9 have been calculated in consideration of the impact from the impairment loss for overseas subsidiaries.
- 7 Dividends source for FY2023/9, FY2024/9 have been added the reduction in taxes due to the reversal of operating losses carried forward for overseas subsidiaries and the additional recording of the earn-out for FazWaz, acquired during FY 2023/9.
Dividend Policy
One of our key priorities is delivering substantial returns to our shareholders. To achieve this, we focus on investments aimed at future growth, ensuring we continue to expand our profitability through proactive business initiatives. Simultaneously, we retain a portion of our earnings to fortify our financial standing. Therefore, dividends are determined based on our annual performance, with a flexible approach that factors in our medium- to long-term business strategy.
Beginning in FY 2025/9, we have set our dividend payout ratio at 30% of consolidated net profit attributable to owners of the parent. Consequently, retained earnings will be used for strategic investments over the medium to long term. Additionally, we reserve the right to adjust dividend amounts to account for any major changes in net profit attributable to owners of the parent due to one-off, extraordinary factors. There is also a possibility that we will not pay a dividend in any fiscal year where the Group records a net loss.
| Reference Date | September 30 |
|---|---|
| Payout Ratio | Approx. 30.0% of Consolidated Net Profit |
Treasury Shares Held (As of Jun. 30, 2025)
| Treasury Shares | 6,245,320 shares |
|---|---|
| Ratio of Treasury to Outstanding Shares | 4.65% |
Shareholder Incentives
Not currently provided.