Dividend
Dividend Policy
The Company considers shareholder returns to be one of its most important management priorities.
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 | |
|---|---|---|---|---|
| FY2026 | ¥8.0 (Actual) |
¥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.
Financial statement was created from 1Q of FYE 12/2026.
