Information to help investors gain a deeper insight into who we are
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 1st section average.
*Source: Mizuho Securities
Aiming for dividend payout ratio of 45％ and total payout ratio of 75%
Our dividend payout ratio has been gradually increasing from 30.7% in FY2015, and the result for FY2020 was 44.9%.
Regarding share repurchases, we have repurchased 92.5 billion yen (22.8% of shares issued) from FY2006 to FY2020.
In Mid-term Business Plan"Vista2021", our targets of a dividend payout ratio and a total payout ratio are 45% and 75% respectively in FY2020 and 2021.
Medium-Term Business Plan “Vista2021” Financial Indicators
|Dividend payout ratio||30.7%||44.9%||45%|
|Total payout ratio||70.8%||74.6%||75%|
- 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.