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Shareholder Return Policy
Policy on Decision of Appropriation of Surplus
As a pure holding company, the Company conducts its business with the goal of maximizing the entire Group’s corporate value. Accordingly, with respect to the appropriation of surplus, the Company’s policy is to pay dividends with the goal of having a payout ratio of 40% or above of profit attributable to owners of parent. Retained earnings are used to facilitate the growth of the Group as a whole through capital expenditure—to strengthen the network, one of our management resources, and develop new businesses and products, for example—and investments are aimed at raising the corporate value in the future. Finally, the use of treasury shares is strategically positioned for flexible utilization, such as M&A, as a part of our capital policy.
Shareholder Returns
| Interim dividend (yen) |
Final dividend (yen) |
Full-year dividend (yen) |
Payout ratio (%) | |
|---|---|---|---|---|
| FY2025/3 | 23.00 | 23.00(Forecast) | 46.00(Forecast) | |
| FY2024/3 | 23.00 | 23.00 | 46.00 | 42.9 |
| FY2023/3 | 23.00 | 23.00 | 46.00 | 36.3 |
| FY2022/3 | 23.00 | 23.00 | 46.00 | 30.5 |
| FY2021/3 | 16.00 | 30.00 | 46.00 | 30.4 |
| FY2020/3 | 15.00 | 26.00 (commemorative dividends 10yen) |
41.00 | 72.2 |
| FY2019/3 | 14.00 | 14.00 | 28.00 | 43.0 |
| FY2018/3 | 13.00 | 14.00 | 27.00 | 58.4 |
| FY2017/3 | 13.00 | 14.00 | 27.00 | 59.5 |
| FY2016/3 | 13.00 | 15.00 (commemorative dividends 2yen) |
28.00 | 29.0 |
| FY2015/3 | 12.00 | 13.00 | 25.00 | 27.7 |
| FY2014/3 | 12.00 | 12.00 | 24.00 | 29.2 |
Acquisition of Treasury Stock
|
Acquisition period |
Method of acquisition |
Total number of shares acquired |
Total acquisition price |
|---|---|---|---|
| May 17, 2023 to January 15, 2024 | Market purchases on the Tokyo Stock Exchange | 19,328,400 shares | 49,999,833,150 yen |
| February 16, 2022 to May 25, 2022 | Market purchases on the Tokyo Stock Exchange | 8,750,700 shares | 19,999,877,052 yen |
| February 6, 2020 to September 8, 2020 | Market purchases on the Tokyo Stock Exchange | 22,764,400 shares | 49,999,923,900 yen |
| January 31, 2017 to March 3, 2017 | Market purchases on the Tokyo Stock Exchange | 4,238,000 shares | 9,999,800,600 yen |
| January 29, 2016 to March 18, 2016 | Market purchases on the Tokyo Stock Exchange, including through Off-Auction Own Share Repurchase Trading System (ToSTNeT-3) | 12,563,600 shares | 29,999,981,500 yen |
| July 31, 2015 to August 13, 2015 | Market purchases on the Tokyo Stock Exchange | 7,284,300 shares | 19,999,935,600 yen |
| October 31, 2014 to November 28, 2014 | Market purchases on the Tokyo Stock Exchange, including through Off-Auction Own Share Repurchase Trading System (ToSTNeT-3) | 11,962,100 shares | 29,999,917,050 yen |
| January 30, 2014 to February 5, 2014 | Market purchases on the Tokyo Stock Exchange, including through Off-Auction Own Share Repurchase Trading System (ToSTNeT-3) | 4,766,300 shares | 9,999,933,400 yen |
| February 22, 2013 to March 8, 2013 | Market purchases on the Tokyo Stock Exchange, including through Off-Auction Own Share Repurchase Trading System (ToSTNeT-3) | 6,428,700 shares | 9,999,982,300 yen |
| February 18, 2011 to April 26, 2011 | Market purchases on the Tokyo Stock Exchange, including through Off-Auction Own Share Repurchase Trading System (ToSTNeT-3) | 23,615,500 shares | 29,999,996,900 yen |
Cancellation of Treasury Stock
|
Date of Cancellation |
Type of shares |
Total number of shares canceled |
|---|---|---|
| March 29, 2024 | Common shares | 19,328,400 shares |
| June 23, 2022 | Common shares | 8,750,700 shares |
| October 13, 2020 | Common shares | 22,764,400 shares |
| March 31, 2016 | Common shares | 13,821,700 shares |
| August 13, 2015 | Common shares | 10,403,100 shares |
| November 13, 2014 | Common shares | 19,120,200 shares |
| February 10, 2014 | Common shares | 6,660,500 shares |
| March 4, 2013 | Common shares | 6,707,400 shares |