Shareholder Returns and Dividends

Shareholder return policy in the NANKAI Group Medium-term Management Plan 2025-2027

While upholding a policy of stable dividends, we will gradually increase the consolidated dividend payout ratio, aiming for around 30% by FY2027, and will flexibly acquire treasury shares as necessary.

Interim and year-end dividends

  Interim Year-end Total
FY2024 17.50 yen 22.50 yen 40.00 yen
FY2025 (forecast) 20.00 yen 20.00 yen 40.00 yen

Changes in Dividends

     
Accounting
term
Interim Year-end Total Dividend
payout
ratio
FY2014 - 25.00 yen
(Anniversary
dividend:
5.00 yen)
30.00
yen
18.4
FY2015 - 30.00
yen
30.00
yen
27.0
FY2016 15.00
yen
15.00
yen
30.00
yen
20.7
FY2017 15.00
yen
15.00
yen
30.00
yen
23.1
FY2018 15.00
yen
15.00
yen
30.00
yen
26.1
FY2019 15.00
yen
17.50
yen
32.50
yen
17.7
FY2020 - 25.00
yen
25.00
yen
-
FY2021 - 25.00
yen
25.00
yen
70.4
FY2022 - 25.00
yen
25.00
yen
19.4
FY2023 - 35.00
yen
35.00
yen
16.6
FY2024 17.50 22.50
yen
40.00
yen
20.1

* On October 1, 2017, we conducted a reverse stock split replacing every five ordinary shares with one share.

* Dividend figures for FY2017 and earlier have been calculated based on the number of shares following the reverse stock split.