During the period of Medium-Term Management Plan "TOPY Active & Challenge 2027," we plan to pay progressive dividends * in order to realize management that takes into account capital costs and stock prices, while also being conscious of capital efficiency and to provide more stable shareholder returns. In addition, we will determine the dividend amount with a DOE of 2.5% in mind.
Regarding the frequency of dividends, our basic policy is to pay dividends from surplus twice a year, an interim dividend and a year-end dividend.
*Progressive dividend: A dividend policy that maintains or increases the dividend unit price.
DOE = Annual dividends ÷ Consolidated shareholders' equity
| 2021 March term |
2022 March term |
2023 March term |
2024 March term |
2025 March period |
2026 Fiscal Year Ended March (Forecast) |
||
|---|---|---|---|---|---|---|---|
| Annual dividend (yen) | End of first quarter | - | - | - | - | - | - |
| End of second quarter | 0.00 | 0.00 | 20.00 | 30.00 | 30.00 | 40.00 | |
| End of third quarter | - | - | - | - | - | - | |
| the end of the term | 20.00 | 20.00 | 68.00 | 73.00 | 73.00 | 90.00 | |
| total | 20.00 | 20.00 | 88.00 | 103.00 | 103.00 | 130.00 | |
| Total dividend (million yen) | 466 | 460 | 2,012 | 2,355 | 2,300 | - | |
| Payout ratio (%) | 81.0 | 120.4 | 31.8 | 50.3 | 36.6 | 35.7 | |
| Dividend on equity (%) | 0.4 | 0.4 | 1.7 | 1.8 | 1.7 | - | |
