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Investor Relations
Information to help investors gain a deeper insight into who we are
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Overview
We proactively return profits to shareholders while striving to enhance medium- to long-term value.
Emphasis on ROE
We emphasize ROE, an indicator of earnings power, while aiming to take full advantage of shareholders’ equity.
Our ROE always exceeds TSE Prime Market average
*Source: Mizuho Securities. FY2008-FY2020:TSE 1st section average
Aiming for dividend payout ratio of 55% and total payout ratio of 75%
Our dividend payout ratio has been gradually increasing from 30.7% in FY2015, and the result for FY2023 was 60.1%.
Regarding share repurchases, we have repurchased 123.5 billion yen (25.5% of shares issued) from FY2006 to FY2023.
In Mid-term Business Plan"Vista2027", our targets of a dividend payout ratio and a total payout ratio are 55% and 75% respectively.
Mid-term Business Plan "Vista2027" Financial Indicators
| FY2021 Actual |
FY2024 Target |
FY2027 Target |
|
|---|---|---|---|
| Dividend payout ratio | 44.9% | 55% | 55% |
| Total payout ratio | 75.6% | 75% | 75% |
Details on Shareholders Return here
Glossary
- ROE (Return on equity) : Net income ÷ Shareholders’ equity
The ratio of net income to shareholders’ equity.
This ratio shows the extent to which shareholders’ equity was used to generate profits. - EPS (Earnings per share) : Net income ÷ Number of shares issued
This shows the amount of net profits per share. - Dividend payout ratio: Dividend payment amount ÷ Net income
This ratio shows the extent to which net income is returned to shareholders in the form of dividends. - Total payout ratio : (Dividend payment amount + Share share repurchases amount) ÷ Net income
This ratio shows the extent to which net income is returned to shareholders in the form of dividends and share repurchases.
