Dividends and Shareholder Returns
Basic Policy
We will prioritize allocation of cash flow to growth investment and after securing working capital equivalent to 2 to 2.5 months of sales, we will allocate surplus funds to shareholder returns.
- Aiming for a consolidated dividend payout ratio of 40%, we will gradually increase that ratio.
- Agilely implement share buybacks based on share price level and capital efficiency.
Stock Split
March 1, 2006: Effected a 2-for-1 stock split.
September 1, 2015: Effected a 3-for-1 stock split.
Status of Share Buybacks
| Buyback period | Number of shares bought back | Total buyback amount (million yen) |
|---|---|---|
| October 11, 2024 - January 14, 2025 | 1,459,700 shares | 6,999 |
| April 11, 2016 - April 18, 2016 | 1,250,000 shares | 1,894 |
*This excludes matters not based on a shareholders' meeting resolution or a board of directors resolution, such as the purchase of fractional shares.