Shareholder Return & Capital Management

Capital Management and Shareholder Return Policy

We have been pursuing the optimal balance between capital adequacy, growth investment and enhancement of shareholder return, and we set forth our shareholder return policy of keeping progressive increase of dividends per share, while executing flexible and intermittent share buybacks. In addition, we will increase dividends per share by approximately JPY5.0 each fiscal year, based on the steady growth of our stable earnings base. We will decide share buybacks, based on our business results, capital adequacy, our stock price and the opportunities for growth investment, using the total payout ratio of 50% or more as a guide.

Dividend Information

Forecast of annual Cash Dividend per Share for FY25 is JPY 145.00, an increase of JPY 5.00 compared to FY24. This will be the fifth consecutive year to increase dividends, backed by solid growth of stable earnings foundation. This remains unchanged from our initial forecast announced in May 2025. Additionally, share buybacks were resolved up to a maximum of JPY 100 billion on May 15, 2025, and up to a maximum of JPY 200 billion on November 14, 2025, bringing the total for FY25 to JPY 300 billion.

For FY25 plan, please refer to page 14.

Summary of Financial Results for the Second Quarter of FY2025 (PDF/1,059KB)

Interim cash dividend payment commencement date for the fiscal year ending March 2026: Friday, December 5, 2025.

^* Shareholders who have opted to receive dividends via bank account or securities account deposit will receive them on the payment commencement date. Shareholders who receive dividends by Dividend Receipts, may not receive them until after the payment commencement date in the case of delay in postal mail delivery. There is no such potential delay when receiving dividends via bank account or securities account deposit, and therefore we recommend this method of receipt. To change the method by which you receive dividends, please follow the instructions provided under the Contact List.