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) | 25.00 yen | 25.00 yen | 50.00 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.
