Dividend
Dividend Policy
The Company considers shareholder returns to be one of its most important management priorities.
Regarding its dividend policy through FY2025, while securing retained earnings for investment toward future growth, the Company will pay dividends in line with its business performance. With a basic target dividend payout ratio of 30%, the target for the current fiscal year has been set at 50% or higher on a basis.
Regarding the dividend policy for fiscal year 2026, while our basic target is a payout ratio of 30%, we will aim to implement stable dividends after comprehensively considering financial soundness and free cash flow.
Dividend per share / Payout ratio
| Interim Dividend (June 30) |
Year-end Dividend (December 31) |
Total Dividend | Payout ratio (Consolidated) |
|
|---|---|---|---|---|
| FY2026 | ¥8.0 (forecast) |
¥8.0 (forecast) |
¥16.0 (forecast) |
– (forecast) |
| FY2025 | ¥25.0 |
¥24.0 |
¥49.0 |
217.6% |
| FY2024 | ¥25.0 | ¥32.0 | ¥57.0 | 50.3% |
| FY2023 | ¥25.0 | ¥28.0 | ¥53.0 | 50.4% |
| FY2022 | ¥27.0 | ¥29.0 | ¥56.0 | 31.2% |
| FY2021 | ¥17.0 | ¥26.0 | ¥43.0 | 42.6% |
| FY2020 | ¥16.0 | ¥25.0 | ¥41.0 | 31.0% |
| FY2019 | ¥14.0 | ¥19.0 | ¥33.0 | 31.9% |
| FY2018 | ¥7.0 | ¥18.0 | ¥25.0 | 30.9% |
| FY2017 | ¥3.0 | ¥7.0 | ¥10.0 | 31.8% |
| FY2016 | ¥2.0 |
¥2.0 | ¥4.0 | 38.5% |
| FY2015 | ¥4.0 | ¥6.0 | ¥10.0 | 32.2% |
| FY2014 | ¥5.0 | ¥6.0 | ¥11.0 | 38.1% |
| FY2013 | ¥3.0 | ¥6.5 | ¥9.5 | 32.7% |
| FY2012 | ¥2.25 | ¥3.25 | ¥5.5 | 32.3% |
| FY2011 | – | ¥3.75 | ¥3.75 | 32.6% |
| FY2010 | – | ¥1.465 | ¥1.465 | 10.0% |
Note: ValueCommerce split one share of its common stock into 100 shares effective on July 1, 2013 and split one share of its common stock into 2 shares effective on October 1, 2013.
Dividend per share above is indicated after consideration of the influence of stock splits.
