Shareholder Returns and Dividends
Shareholder Returns and Dividends Policy
We consider shareholder returns to be one of the key management priorities.
From FY2026 to FY2030, we will maintain a total payout ratio of at least 50% of cumulative net income, excluding inventory impact.
In the first year, FY2026, we will set the annual dividend at 36 yen per share as the minimum and introduce a progressive dividend policy, and set this as the minimum.
We will enhance the proportion of returns allocated to dividend to achieve more stable shareholder returns. We will also execute acquistion of treasury shares in a flexible manner while monitoring the stock price.
dividend
Acquisition of treasury stock
| Acquisition period | Acquisition method | Total number of acquired shares | Total amount acquired |
|---|---|---|---|
| November 15, 2019 - March 24, 2020 | Market purchase | 4,800,000 shares (upper limit) | 12 billion yen (upper limit) |
| February 15, 2023 - February 14, 2024 | Market purchase | 145,000,000 shares (upper limit) | 60 billion yen (upper limit) |
| November 15, 2023 - August 14, 2024 | Market purchase | 75,000,000 shares (upper limit) | 35 billion yen (upper limit) |
| May 15, 2024 - March 14, 2025 | Market purchase | 90,000,000 shares (upper limit) | 70 billion yen（upper limit） |
| March 17, 2025–March 16, 2026 | Market purchase | 80,000,000 shares (upper limit) | 70 billion yen（upper limit） |
| November 12, 2025–November 11, 2026 | Market purchase | 43,000,000 shares (upper limit) | 30 billion yen（upper limit） |
