Shareholder Returns

Shareholder return policy

Regarding shareholder returns during the Medium-Term Business Plan 2028 period, in addition to paying dividends, we will flexibly repurchase stock, while giving priority to investment in growth areas and taking into account our financial situation.

Dividend policy

We have decided to raise the threshold for the dividend on equity ratio (DOE), which we have introduced as a lower limit indicator. We will, of course, maintain our basic policy of distributing profits appropriately based on business performance while maintaining financial soundness. During the Medium-Term Business Plan 2028 period, the dividend will be the higher of either a dividend payout ratio of 60% or a dividend on equity (DOE) of 3.0%.

Dividend amount

The new dividend policy is effective from the FY2025 interim dividend.

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Capital, shares issued and shares repurchased

	Capital (million yen)	Total number of shares issued (thousand shares)	Number of treasury shares at the end of fiscal year (thousand shares)	Number of shares repurchased (thousand shares)	Cost of share repurchase (million yen)
FY2025	11,352	48,000	864	—	—
FY2024	11,352	48,000	879	1,328	4,999
FY2023	11,352	50,000	1,572	527	1,696
FY2022	11,352	50,994	2,051	1,094	3,303
FY2021	11,352	50,994	975	—	—
FY2020	11,352	50,994	1,650	—	—
FY2019	11,352	50,994	1,659	2,679	7,777
FY2018	11,352	52,694	679	1,429	3,750
FY2017	11,352	55,194	1,750	—	—
FY2016	11,352	55,194	1,749	2,100	4,415
FY2015	11,352	57,494	1,948	5,000	10,503

Note: The numbers of shares are rounded down to the nearest thousand shares.

Shareholder benefits

As a sign of our gratitude towards all of our shareholders, we have established a Shareholder Benefits System.
It is our hope that you use Duskin products and services through the Benefits System and learn more about our business through firsthand experience.