Shareholder Returns / Dividends

Basic policy of shareholder returns

Capital Policy

Basic Policy (After the change)
  • While maintaining the sound financial base, we aim to improve the capital efficiency through growth investment and returns to shareholders.
  • We will maintain stable dividends taking DOE (Dividend on Equity ratio) into account.

Dividends

FY2022 FY2023 FY2024 FY2025
(forecast)
Dividend per share
(Yen)
¥52
(Year-end ¥32)
¥52
(Year-end ¥32)
¥57
(Year-end ¥37, Special dividend ¥5)
¥57
(Year-end ¥37)
Consolidated payout ratio
(%)
64.0% 55.2% 36.5% 69.0%

Trend of net income and dividends

Net income
(Billions of yen)
Dividend per share(Yen) Consolidated payout ratio
(%)
Interim dividend Year-end dividend Annual dividend
FY2024 9.1 20.00 37.00 57.00 36.5%
FY2023 5.5 20.00 32.00 52.00 55.2%
FY2022 4.7 20.00 32.00 52.00 64.0%
FY2021 3.9 20.00 32.00 52.00 76.9%
FY2020 6.1 30.00 45.00 75.00 71.1%
FY2019 6.1 30.00 45.00 75.00 70.9%
FY2018 6.9 30.00 45.00 75.00 72.6%
FY2017 6.6 20.00 38.00 58.00 65.9%
FY2016 7.3 20.00 38.00 58.00 59.3%
FY2015 13.6 20.00 38.00 58.00 31.8%