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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
FY
2025/9
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 7.338
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 7.338
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 30%8,9
  1. 1 Dividends for the previous fiscal year were recalculated due to the following stock splits:
    Jan. 1, 2014: Stock split at a ratio of three shares per share of common stock
    Jun. 1, 2015: Stock split at a ratio of two shares per share of common stock
  2. 2 Due to the transition period to IFRS, the dividend payout ratio for the FY 2015/3 was computed on the basis of net profit that excluded the effects of the acquisition of Trovit. Thus, the resulting payout ratio was 24.3%.
  3. 3 To commemorate the twentieth year since the founding of the Company, ¥1.00 was added to the regular dividend of ¥4.66 resulting in a payout rate of 24.3%.
  4. 4 The Company changed the end of the fiscal year as of FY 2017/9. FY 2017/9 was an irregular six-month financial period which began on April 1, 2017, and ended on September 30, 2017.
  5. 5 Dividends for FY 2019/9 were calculated based on the number of issued shares as of the end of the period.
  6. 6 Dividends for FY2020/9, FY2021/9, and 2024/9 were calculated in consideration of the impact from the impairment loss for overseas subsidiaries.
  7. 7 Dividends for FY 2023/9 and FY 2024/9 2024 were calculated by including a portion of costs as a source of funds for distribution. These costs included a reduction in tax expenses resulting from the reversal of deferred tax assets related to the reorganization of an overseas subsidiary, as well as the costs recorded for the contingent consideration (earn-out) from M&A activities.
  8. 8 The dividend forecast for FY 2025/9 includes a special commemorative dividend of ¥1.00 for the Company's 30th anniversary, in addition to an ordinary dividend of ¥6.33.
  9. 9 The dividend forecast for FY 2025/9 was calculated based on the earnings forecast announced on May 14, 2025, using information currently available to the Company. The actual dividend may differ from this forecast depending on fluctuations in net profit for the period.

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.