Return to Shareholders

Notice of Shareholder Returns

Mar. 09, 2026 Announcement of Revision of Full-Year Consolidated Earnings Forecast and Dividend Forecast

Jan.30, 2026Notice Condering Stock Split and Partical Amendments to the Artickes of Incoration in Connection with Stock Split

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Basic Policy and Past Initiatives

We have positioned returning profits to shareholders as one of the highest priority management policies. In order to pay dividends to our shareholders in a stable manner over the long term, we have our basic policy on profit distribution to "expand profits from business activities through sustainable growth and distribute profits in a stable manner over the long term."

Dividend Policy

In line with our basic policy, we have set our dividend policy to "Guideline of a ratio of dividends to net assets^*1 of 5.0% and a dividend payout ratio^*2 of 50%, as based on consolidated financial results."
For the fiscal year ending March 31, 2026, we planned to pay an annual dividend of ￥144 per share.

*1　[Ratio of dividends to net assets = Total dividends / Net assets].
　It is an indicator to see how much of the assets entrusted by shareholders are returned to them in the form of dividends. If net assets are not negative, dividends are always paid. We 　use this ratio of dividends to net assets in addition to the dividend payout ratio in order to pay stable dividends.
*2　[Payout ratio = Total dividends / Net income].
　It is an indicator to see how much of the net income is returned to shareholders in the form of dividends. Since dividends are linked to profits, larger profits result in larger 　dividends, while smaller profits result in smaller dividends.

Dividend per share

XLS Download

	Dividend per share(Yen)								Dividend payout ratio	Dividend to net assets
		1st Quarter	2nd Quarter	3rd Quarter	Term-end	Full-year	(%)	(%)
3/26	-	-
3/25	-	-	-	114.00	114.00	47.1	5.1
3/24	-	-	-	101.00	101.00	45.4	5.0
3/23	-	-	-	78.00	78.00	48.4	4.3
3/22	-	-	-	64.00	64.00	49.8	3.8

Number of issued shares

	As of March 31, 2025	As of March 31, 2024
Total number of issued shares at the end of the period (including treasury shares)	46,537,426 shares	47,537,426 shares
Number of treasury shares at the end of the period	574,598 shares	1,020,076 shares
Average number of shares outstanding during the period	46,424,433 shares	46,887,923 shares

Stock Split

Effective date	Split ratio	Release
Apr. 1, 2026	1：4	Notice Concerning Stock Split and Partical Amendments to the Articles of In Connection with Stock Split

Shareholder benefit program

There is no shareholder benefit program.