(As of November 6, 2024)

ROE

The Company's Board of Directors recognizes ROE as an important management indicator of return on capital and aims to raise it to 30% by FY29.

ROE Improvement Policy

  • Profit growth through the consulting business x investment business
  • Active shareholder return through dividends + share buybacks

Shareholder Returns

Shareholder returns will be provided through stable dividends and share buybacks.

Note : Shareholder return: Dividends + share buybacks (includes additional contributions to stock compensation trust)

Dividend Policy

  • Focus on striking a balance between shareholder returns and internal reserves, in order to strengthen the financial structure and prepare for future development of business.
  • Ensure consistent and stable payment of dividends.

FY23

FY24 forecast

YoY change

Annual dividend per share

13.5 yen

19 yen

（＋5.5yen）

Note : The Company carried out a 2-for-1 stock split for its common shares, effective on December 1, 2024. The chart shows the annual dividend amount assuming that the stock splits were conducted at the beginning of FY2023.
The above dividend forecast is based on information available as of the date of the publishing of this document. It may fluctuate due to various factors in the future.

(Reference) Trends in annual dividends and dividend payout ratio

*1.　The Company carried out a 2-for-1 stock split for its common shares, effective on April 1, 2022 (i). In addition, the Company plans to conduct a 2-for-1 stock split of common shares with an effective date of December 1, 2024 (ii). The chart on the left shows the annual dividend amount assuming that the stock splits (i) and (ii) were conducted at the beginning of FY2019.
*2.　The Company does not have a target for the dividend payout ratio.