Shareholder Return Policy and Dividends

Basic policy on shareholder returns

To return to shareholders the value it has created through its business activities, the Company’s basic policy on shareholder returns is to enhance shareholder value by maximizing corporate value over the medium to long term. To achieve this, the Company invests in growth areas such as real estate development, the expansion of overseas business, M&A, research and development and production facilities in a bid to augment earnings per share (EPS).

During the period under the Seventh Medium-Term Management Plan (April 2022 to March 2026), the Company aims to maintain stable dividends and provide shareholder returns in line with business performance, with a target dividend payout ratio of 35% or more of profit attributable to owners of the parent and a minimum dividend of ¥145 per share.

The Company also purchases its own shares when the timing is appropriate, taking such factors as the market environment and capital efficiency into consideration.

Basic Policy on Shareholder Returns（PDF 33KB）

(Corporate Governance Guidelines)

Profit allocation policy