Shareholder Returns and Dividends

Dividend Policy

Our basic policy is to distribute surplus twice a year as interim and year-end dividends. Our dividend policy is to pay attention to the stability and sustainability of dividends while considering factors such as performance trends, financial condition, and cash flow position on a comprehensive basis.

For the fiscal year ending March 31, 2025 (FY2024), the annual dividend per share is planned to be ¥86 (of which, interim dividend of ¥43 and year-end dividend of ¥43*1) for common shares, and a prescribed amount of dividend is planned for the Series 1 Bond-Type Class Shares.

We consider the return of profits to shareholders to be an important goal for our management along with increasing medium to long term corporate value. To increase corporate value, we will make capital investments efficiently to further raise the sophistication of 5G, as well as continuing investments in new businesses.

We will continue to grow both telecommunications business and new businesses, striving to increase our corporate value and make an appropriate return of profit to shareholders.

[Note]
  1. *1
    Subject to approval of the proposal on the amendment to the Articles of Incorporation by the Company's 38th Annual General Meeting of Shareholders scheduled to be held on June 20, 2024, the Company plans to conduct a stock split whereby each share of the Company's common shares will be split into 10 shares, with the effective date being October 1, 2024. The above year-end dividend per share for the fiscal year ending March 31, 2025 does not take into account this stock split. If the stock split is taken into account, the figure would be ¥4.30

Dividend History

Common Shares

Dividends per Share (JPY) Payout Ratio (Consolidated) (%)
Interim Year-end
Fiscal year ending March 31, 2025 (Forecast) 86.0 43.0 43.0*1 81.8
Fiscal year ending March 31, 2024*2 (Scheduled) 86.0 43.0 (Scheduled) 43.0 (Scheduled) 83.4
Fiscal year ended March 31, 2023 86.0 43.0 43.0 76.4
Fiscal year ended March 31, 2022 86.0 43.0 43.0 78.2
Fiscal year ended March 31, 2021 86.0 43.0 43.0 82.8
Fiscal year ended March 31, 2020 85.0 42.5 42.5 85.6
Fiscal year ended March 31, 2019 - - 37.5 83.3*3
[Notes]
  1. *1
    Subject to approval of the proposal on the amendment to the Articles of Incorporation by the Company's 38th Annual General Meeting of Shareholders scheduled to be held on June 20, 2024, the Company plans to conduct a stock split whereby each share of the Company's common shares will be split into 10 shares, with the effective date being October 1, 2024. The above year-end dividend per share for the fiscal year ending March 31, 2025 does not take into account this stock split. If the stock split is taken into account, the figure would be ¥4.30
  2. *2
    The year-end dividend for the fiscal year ended March 31, 2024 is scheduled to be submitted for approval to the Board of Directors of the Company at a meeting planned for May 17, 2024
  3. *3
    Converted to annual ratio

Series 1 Bond-Type Class Shares

Bond-Type Class Shares are “shares”, a type of equity in accordance with the Companies Act while also possessing characteristics similar to “bonds”. They entitle the holder to receive a fixed dividend*1 for approximately 5 years from the date of issuance.
Refer to Bond-Type Class Shares for details.

Dividends per Share (JPY)
Interim Year-end
Fiscal year ending March 31, 2025 (Forecast) 100.00 50.00 50.00
Fiscal year ending March 31, 2024*2 (Scheduled) 41.53*3 - (Scheduled) 41.53*3
[Notes]
  1. *1
    If the record date falls in a fiscal year ending on or before March 31, 2029: 2.500% per annum. If the record date falls in a fiscal year ending on or after April 1, 2029: The interest rate of One-Year Japanese government bonds (JGBs) as of the date two business days before the last day of the fiscal year before the fiscal year in which the record date falls plus 3.182%
  2. *2
    The year-end dividend for the fiscal year ended March 31, 2024 is scheduled to be submitted for approval to the Board of Directors of the Company at a meeting planned for May 17, 2024
  3. *3
    Calculated based on actual day counts on a 366-day year basis

Share Buyback

Period of Acquisition Method of Acquisition Total Number of Shares Acquired Total Amount Paid for Acquisition
May 11, 2023
to February 16, 2024		 Market purchase on the Tokyo Stock Exchange, Inc. through a discretionary investment account trade to a securities company 56,179,100 JPY 100.0 billion
October 1, 2020
to March 5, 2021		 Market purchase on the Tokyo Stock Exchange, Inc. through a discretionary investment account trade to a securities company 78,461,400 JPY 100.0 billion
August 6, 2019
to December 5, 2019		 Open market purchase 46,000,000 JPY 68.7 billion

Press Releases

February 19, 2024 Notice Concerning Status and Conclusion of Share Buyback Program
March 8, 2021 Notice Concerning Status of Share Buyback Program
December 6, 2019 Notice Concerning Status of Share Buyback Program

Shareholder Benefits Program

We announced that it has established a shareholder benefits program for common shares, as described below.

Notice Concerning Stock Split and Partial Amendment to Articles of Incorporation, and Establishment of Shareholder Benefits Program (PDF: 104 KB / 4 pages)