6.Shareholder Returns

What we would like you to know

We aim for direct profit returns and a share price increase in the medium to long term.

The Company aims to realize comprehensive returns based on direct profit returns and a share price increase on medium- and long-term bases.
The Company attaches the highest priority to strategic investments for sustainable growth. As a basic policy, the Company aims to raise the efficiency of invested capital and increase dividends and the share price in the medium and long terms while seeking to maximize corporate value.

We plan for stable dividend payments.

With regard to dividends, although a stable dividend payout remains our first priority, in consideration of changes in business performance owing to the distinctive characteristics of our business operations, as of FY2019 we have also begun to pay stable, long-term, continuous returns with a target dividend on equity (DOE) ratio of 2.0% as an easily understandable indicator of those changes. In FY2020, we paid the annual dividend of 35 yen per share based on the policy above, despite the significant impact of COVID-19. For FY2021, we also plan to pay the annual dividend of 35 per share (*) although the outlook for financial results is slightly more challenging than in the past.

  • Note that the interim dividend was not paid.
Dividends per share (left axis) / dividend on equity ratio (DOE) (right axis)
  • The Company performed a 2-for-1 split of its common shares effective as of April 1, 2016. For convenience' sake, dividends paid for each 0.5 share are stated as dividends per share paid in fiscal 2015 and prior fiscal years.

We focus on raising stock prices in the long term.

Changes in stock price

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On April 1, 2016, we conducted a 2-for-1 share split of our common stock. For FY2015 and earlier, the dividend per share is shown by taking the share split into account for convenience.

Shareholder Benefits

To allow shareholders to deepen their understanding of our business, we offer benefits to the shareholders who hold one share unit (100 shares) or more as stated or recorded in the shareholder register at the end of March every year, including invitations to concerts, events, theater, movies and previews, and original Company goods.

For more information, refer to Dividends, Shareholder Benefits page.

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