Dividend

Our approach to shareholder returns

We recognize returning profits to our shareholders as one of our highest management priorities and are committed to continuously enhancing corporate value.
In determining future shareholder returns, we will comprehensively consider our business performance and financial position, while giving due consideration to strengthening our financial foundation and investing for business growth. Based on our fundamental policy of providing stable and continuous returns to shareholders, we will pay close attention to our dividend payout ratio when determining dividends.
We will also continue to maintain our shareholder benefit program.

About dividend

Dividend per Share
  Interim Dividend Year-end Dividend Annual Dividend Dividend Payout Ratio
Fiscal Year Ended October 2018 ¥4.5 ¥4.5 16.1%
Fiscal Year Ended October 2019 ¥7.5
(Ordinary dividend: ¥6.25)
(Commemorative dividend: ¥1.25)
¥7.5
(Ordinary dividend: ¥6.25)
(Commemorative dividend: ¥1.25)
28.0%
Fiscal Year Ended October 2020 ¥5.0 ¥5.0 88.0%
Fiscal Year Ended October 2021 ¥10.0 ¥10.0 18.5%
Fiscal Year Ended October 2022 ¥6.0 ¥7.5 ¥13.5 17.5%
Fiscal Year Ended October 2023 ¥7.5 ¥9.0 ¥16.5 20.6%
Fiscal Year Ended October 2024 ¥9.0 ¥9.0 ¥18.0 19.2%
Fiscal Year Ended October 2025 ¥11.0 ¥11.0 ¥22.0 20.1%
Fiscal Year Ending October 2026 Forecast ¥13.0 ¥13.0 ¥26.0 20.4%

* The Company conducted a 2-for-1 stock split of its common shares on March 19, 2020 and August 1, 2023, respectively. Dividend per share amounts have been calculated assuming that these stock splits had been conducted at the beginning of the fiscal year ended October 2018.
* The Company had traditionally adopted a basic policy of paying dividends once a year as year-end dividends. However, in order to enhance opportunities to return profits to shareholders, the Company changed its policy to pay dividends twice a year, consisting of an interim dividend and a year-end dividend, and began paying interim dividends from the fiscal year ended October 2022.

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