Our basic policy, positioning the maximization of shareholder value as a key management priority, is to improve corporate value and shareholder interests over the medium and long term by proactively promoting shareholder returns, including share buybacks. This is achieved by taking cash flow into consideration and actively promoting investments essential for enhancing corporate value while maintaining strict investment discipline, ensuring both capital efficiency and financial stability necessary to improve our corporate value while being conscious of optimal capital structure.
Based on this basic policy, regarding dividend for the fiscal year ending March 31, 2027, the Company plans for basic dividend of 40.00 yen and additional dividend of 80.00 yen per share, in total of annual dividend 120.00 yen per share (an interim dividend of 60.00 yen per share and a year-end dividend of 60.00 yen per share), as announced on Feb 3, 2026.
At the financial results announcement for the fiscal year ended March 31, 2026 held on May 8, 2026, we stated that, in preparation for the next Medium-Term Management Plan commencing in the fiscal year ending March 31, 2028, we will pursue both profit growth and capital efficiency improvement as twin pillars from the fiscal year ending March 31, 2027. As part of our capital policy, we have set a policy to optimize our capital structure in the short term with a target equity ratio, including off-balance-sheet items, of around 50%. Based on these policies, the Company resolved to repurchase its stock, with an upper limit of 130 billion yen, in accordance with paragraph 1 of Article 459 of the Companies Act of Japan and Article 38 of our Articles of Incorporation at the meeting of the Board of Directors held on May 29, 2026. For the status, please refer to “Notice Regarding the Status of Own Share Repurchase” as announced on Aug 3, 2026.
All of “K” LINE Group members are vigilantly dedicated to the accomplishment of our goals with one voice, and we appreciate your continued support and encouragement.
As of August 4, 2026
| 2022/03 | 2023/03 | 2024/03 | 2025/03 | 2026/03 | 2027/03 （Expected） |
||
|---|---|---|---|---|---|---|---|
| Dividend Per Share(yen) | 1Q | - | - | - | - | - | - |
| 2Q | 0.00 | 300.00 | 100.00 | 50.00 | 60.00 | 60.00 | |
| 3Q | - | - | - | - | - | - | |
| FY-End | 600.00 | 300.00 | 150.00 | 50.00 | 60.00 | 60.00 | |
| Total | 600.00 | - | 250.00 | 100.00 | 120.00 | 120.00 | |
| Amount of Dividends(million yen) | 56,244 | 102,981 | 59,529 | 65,605 | 76,566 | - | |
| Payout Ratio(%) | 8.7 | 15.6 | 58.9 | 21.7 | 57.0 | 79.8 | |
| Ratio of Total Amount of Dividends to Net Assets(%) | 10.1 | 8.6 | 3.9 | 4.1 | 4.4 | - | |
1. The Company implemented a 3-for-1 stock split of common shares on October 1, 2022. The interim dividend per share for the fiscal year ended March 2023 represents the actual amount of dividend before the stock split. The full-year dividend for the fiscal year ended March 2023 per share is not presented as simple comparisons are not possible due to the implementation of the stock split, however, the full-year dividend per share based on the shares following the stock split is 400.00 yen.
2. The Company implemented a 3-for-1 stock split of common shares on April 1, 2024. The dividends per share for the fiscal year ended March 2024 and 2023 represent the actual amount of dividend before the stock split.
3. The dividends per share for the fiscal year ending March 2025 onward has been calculated taking into consideration the impacts from the stock split of common shares on April 1, 2024.
|
Buyback period |
Repurchase method |
Total number of |
Total amount |
Release |
|---|
|
From June 1, 2026 September 30, 2026 |
Purchase on the Tokyo Stock Exchange through off-auction own share repurchase trading (ToSTNeT-3) and Auction market on the Tokyo Stock Exchange |
Up to 44,429,000 shares |
Up to 130 billion yen |
|
From November 6, 2024 February 28, 2025 |
Purchase on the Tokyo Stock Exchange through off-auction own share repurchase trading (ToSTNeT-3) and Auction market on the Tokyo Stock Exchange |
36,000,000 shares |
75.3 billion yen |
Notice Regarding the Status and Completion of Own Share Repurchase |
|
From May 8, 2024 |
Purchase on the Tokyo Stock Exchange through |
39,556,000 shares |
90.9 billion yen |
Notice Regarding the Status and Completion of Own Share Repurchase |
|
From August 3, 2023 |
Purchase on the Tokyo Stock Exchange through off-auction own share repurchase trading (ToSTNeT-3) and Auction market on Tokyo Stock Exchange |
11,676,000 shares |
56.2 billion yen |
Notice Regarding the Status and Completion of Own Share Repurchase |
|
From November 8, 2022 |
Purchase on the Tokyo Stock Exchange through |
35,236,000 shares |
89.5 billion yen |
Notice Regarding the Status and Completion of Own Share Repurchase |
1. Total amount is rounded off to the nearest 100 million yen.
2. We plan to continue acquiring “K” LINE stock up to the total maximum number and value concerned during the acquisition period.
3. For the latest status of own share repurchases, please refer to the notice.
