■Shareholder return policy

Fujibo Holdings (3104) positions return of profits to shareholders as one of the most important management issues, and has a basic policy of comprehensively considering the business environment, performance trends, etc. for profit allocation, and making dividends that are stable over a long period of time and corresponding to business results. Furthermore, in order to improve corporate value over the medium to long term, we have secured internal reserves that can be directed to growth investments in core businesses (abrasives business, chemical industrial products business).

The company has maintained a dividend on shareholders' equity (DOE) ratio of 3% for the past 14 years as the upward trend in net assets (excluding new stock payments) continues. This is proof that DOE management is thorough.

Regarding “continuation of stable dividends,” which is the company's basic policy, dividends have continued to be increased and maintained for the past 16 years. We plan to continue this in the future. There was a drastic decline in profit for the fiscal year ending 2024/3, but the annual dividend was 110 yen (interim dividend 55 yen, year-end dividend 55 yen) for 3 consecutive terms. The annual dividend for the fiscal year ending 2025/3 is scheduled to be increased by 10 yen to 120 yen. Also, in order to strengthen shareholder returns and improve capital efficiency, treasury stock repurchases were carried out for the first time in 8 years.

Going forward, we will continue to promote “stable dividends” and “share treasury purchases” as shareholder return measures on the premise of “execution of growth investments with an awareness of capital efficiency.”

(Written by FISCO Visiting Analyst Keiji Shimizu)