Shareholder return policy
Shareholder return policy
The company has introduced a shareholder return policy, effective from the fiscal year ending March 2026.
When requesting materials, please review the relevant precautions and complete the Materials Request Form.
Dividend on Equity
The company aims to maintain a Dividend on Equity (DOE) of at least 4.0%.
From the perspective of stable and continuous dividend distribution, we have set a minimum annual dividend of 54 yen per share.

Dividends
The company will distribute retained earnings twice annually, through interim and year-end dividends.

Share buyback
The company will consider share buybacks in a timely and flexible manner, taking into account financial conditions, capital efficiency, stock price performance, and other factors.
Shareholder benefits
We will continue to implement the shareholder benefit program as an expression of our sincere appreciation for the ongoing support and understanding of our shareholders.
We are currently offering shareholder-exclusive discounts on golf club reshafting services and outdoor gear.
Additionally, we provide long-term shareholder benefits to shareholders who have held 500 or more shares for over three years.
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