Return to Shareholders
Dividend policy
The Group is committed to maintaining financial soundness, investing in growth to enhance corporate value over the medium to long term, and returning profits to shareholders in an appropriate manner.
The Company’s policy is to strengthen and expand shareholder returns in a stable manner over the medium to long term, rather than linking them to short-term financial results, and the Company will adopt a “progressive dividend” (a policy to maintain or increase dividend levels without reducing them) as its commitment to shareholder returns.
Specifically, the Company will pay dividends from retained earnings with the target of achieving a consolidated dividend on equity (DOE) ratio of 4.5% or higher during the period of its current medium- to long-term management plan (FYE2026 to FYE2030).
The Company also plans to repurchase its own shares, taking into account share price trends and its financial condition.
* Consolidated dividend on equity (DOE) ratio = (Total annual dividends / Consolidated shareholders’ equity) ×100
Status of dividends
A stock split at a ratio of 2 shares for every 1 share of common stock was implemented with an effective October 1, 2026; the figures for dividends per share are presented on a basis adjusted for this stock split.
| 2018 FYE |
2019 FYE |
2020 FYE |
2021 FYE |
2022 FYE |
2023 FYE |
2024 FYE |
2025 FYE |
2026 FYE |
2027 FYE |
|
|---|---|---|---|---|---|---|---|---|---|---|
| Interim dividend (yen) | 11 | 14 | 14 | 14 | 14 | 16.5 | 23 | 26.5 | 34 | 42.5 Forecast |
| Year-end dividend (yen) | 13 | 14 | 14 | 14 | 15 | 20.5 | 30 | 26.5 | 35 | 42.5 Forecast |
| Total (yen) | 24 | 28 | 28 | 28 | 29 | 37 | 53 | 53 | 69 | 85 Forecast |
The trend of dividend payments is as follows.
Dividend record date and start of dividend payment period
| Interim dividend | Year-end dividend | |
|---|---|---|
| Shareholder dividend record date | September 30 | March 31 |
| Payment start date | Early December | Early June |
Special benefit plan for shareholders
The objective is to thank shareholders for their long-standing support and encourage more shareholders to hold RYODEN shares in the medium to long term by making investing in our shares more attractive.
Eligible shareholders
Shareholder benefits are offered to those who are included or recorded in the shareholder list as of March 31 of each year and hold one unit (200 shares) or more of RYODEN shares.
Details of shareholder benefits
Cash vouchers (QUO cards) will be presented to all eligible shareholders according to the number of shares they hold and the length of their continuous ownership as follows:
| Number of shares held | Length of continuous ownership | |
|---|---|---|
| Less than 3 years | 3 years or more | |
| 200 shares or more to less than 2,000 shares | QUO card worth 2,000 yen | QUO card worth 3,000 yen |
| 2,000 shares or more | QUO card worth 3,000 yen | QUO card worth 5,000 yen |
- "The length of continuous ownership is 3 years or more" refers to cases in which a shareholder is included or recorded in the shareholder list as of March 31 of each year and he or she has done so with the same shareholder number consecutively for four times or more.
The calculation of the length of continuous ownership starts from the first base date: March 31, 2020. - The Company effected a stock split at a ratio of two shares for every one share, with an effective date of October 1, 2026.
Time of presentation
The QUO cards will be presented in June of each year.
When the shareholder benefit plan begins
The shareholder benefit plan will begin for shareholders who were included or recorded in the shareholder list as of March 31, 2020, and who have held one unit (100 shares) or more of RYODEN shares.