Dividend policy and results
We consider the return of profits to our shareholders to be an important management issue, and in the Management Policy, IINO COMMITMENT, we promise to enhance corporate value and implement rewarding shareholder returns by focusing on sustainable growth. We will pay dividends based on the following policy.
- Corporate growth through the use of internal reserves
We secure and utilize internal reserves necessary to maintain and strengthen the business foundation to respond to changes in the business environment and to make new investments for sustainable growth.
- Clarification of shareholder-oriented stance
We provide appropriate and transparent returns to shareholders by linking dividends to corporate growth.
- Maintain continuous dividends
We maintain continuous dividends based on stable earnings.
The Company considers returning profits to the shareholders to be an important management issue. While striving to increase shareholder value through new investment for sustainable corporate growth, the Company has adopted a basic policy of continuing to pay dividends based on a dividend payout ratio of 30% for the full-year business performance, with the aim of maintaining stable dividends from a long-term perspective and enhancing the correlation between dividend amounts and profit growth.
In order to further enhance the return of profits to the shareholders and to realize management that is conscious of cost of capital and stock prices, we have decided to change the dividend policy for the fiscal year ending March 2026, which is the final year of the current medium-term management plan, to 'Maintain stable dividends based on a payout ratio of 40% for the full-year business performance'.
(Note) The dividend policy for the year ending 31 March 2027 onwards will be reviewed when the next medium-term management plan (to be announced around May 2026) is formulated.
Changes in Dividends(announced on )
| FY2021 | FY2022※1 | FY2023 | FY2024 | FY2025(F) | |
|---|---|---|---|---|---|
| Net income per share(JPY) | 118.39 | 214.41 | 186.61 | 173.60 | 108.69 |
| Interim dividend(JPY) | 11 | 27 | 25 | 25 | 22 |
| Year-end dividend(JPY) | 25 | 38 | 31 | 33※2 | 22 |
| Payout ratio(%) | 30.4 | 29.4 | 30.0 | 33.4 | 40.5 |
※1 Figures after applying retrospective adjustments due to changes in accounting policy.
※2 Breakdown of year-end dividend of FY2024 (Forecast); Ordinary dividend: 28.00 yen; Special dividend: 5.00 yen
(Note) The Company's Articles of Incorporation stipulate that the Company may pay interim dividends by resolution of the Board of Directors and that the record date for paying interim dividends shall be September 30 of each year.