Dividend Policy

Dividend Policy

Dividend Policy

Dividend Policy

The Group considers returning profit to shareholders the most important management policy. Our basic policy is to provide stable dividends with a consolidated payout ratio of 30% or more.
We plan to allocate internal reserves to expanding our business domains and capital expenditures to strengthen our business foundation.
Additionally, the basic policy for the number of dividends is to provide one dividend at the end of the fiscal year.

Dividend History

Dividend History
FY2012 FY2013 FY2014 FY2015 FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022
(Forecast)

Annual dividend
per share

75yen 75yen 75yen 75yen 100yen* 75yen 75yen 75yen 75yen 75yen 75yen

Dividend
payout ratio

83.6% 150.9% 67.5% 43.4% 49.9% 32.4% 51.4% 27.3% 30.0% 32.8% 28.2%
*Includes 90th anniversary commemorative dividend of 25 yen.
Note:On October 1, 2016, the Company carried out reverse share split on ordinary shares at a one for five ratio.
Figures prior to that have been restated to reflect the post-reverse share split.