Shareholder Returns and Dividends
Calbee regards the return of profits to shareholders as one of its top management priorities. For the three-year period from FY2024/3 to FY2026/3, Calbee plans to allocate cash flows toward investments that support growth and efficiency improvements, as well as toward shareholder returns, while also leveraging cash on hand and borrowings. The Company aims to steadily increase dividends, with targets that include a total return ratio of 50% or more and a DOE of 4%.
History Data on Dividends

- *A 4-for-1 share split was implemented on October 1, 2013. Per share figures were retroactively adjusted to reflect the stock splits.
Growth Strategy ‘Change 2025’: Status of Shareholder Returns
(Three-Year Period: FY2024/3 – FY2026/3)
| FY’24/3 | FY’25/3 | FY’26/3 (Forecast) |
3-year (Forecast) |
Policy | |
|---|---|---|---|---|---|
| Dividend per share (yen) (YoY) |
56(+4) | 58(+2) | 66(+8) | - | Stable dividend |
| DOE (%) | 3.8 | 3.7 | 4.0 | - | 4% |
| Total return ratio (%) | 35.2 | 34.7 | 104.3 | 56 | 50% or more |
| Total Shareholder Returns (Billion yen) | 6.5 | 7.0 | 17.3 | 30.8 | |
Dividend (Billion yen) |
6.5 | 7.0 | 7.3 | 20.8 | 25 |
Share buyback
(Billion yen) |
- | - | 10.0 | 10.0 |