Shareholder Returns

During the period of the mid-term management plan from fiscal 2025 to 2027, we will set the dividend payout ratio of 50% or more with a minimum annual dividend per share of 80 yen as a basic policy, as we position the continuous return of profits to shareholders as one of the most important management policies, while considering the capital needs for future business development.
The Company also plans to repurchase shares flexibly with the total acquisition amount of 15 to 20 billion yen during the plan of the mid-term management plan. Under this policy, on August 2, 2024, we decided to acquire treasury shares up to a maximum of 10 billion yen, and completed the acquisition of approximately 10 billion yen through market purchases by May 22, 2025, as planned. We plan to flexibly implement repurchase of treasury stock worth 10 billion yen during fiscal year 2027.
Furthermore, as announced in the "Financial Results Briefing and Second-Year Review of Mid-Term Business Plan" in May 2026, in light of the increase in working capital resulting from business expansion, we will maintain a target level of shareholders' equity at 240.0 billion yen and use any capital exceeding this amount for shareholder returns or other means to increase capital efficiency, striving to further enhance shareholder value.