[As of May 10, 2024]

Basic dividend policy

The Company considers the return of its profits to shareholders as an important managerial issue. The Company’s basic dividend policy is to maintain payouts that are appropriate in light of its financial results, while increasing shareholders’ equity and keeping long-term and stable earning power.

 

As for dividends, in principle the Company aims to continually pay out about 30% of profit attributable to owners of parent for each fiscal year, which is calculated from consolidated ordinary profit and assuming extraordinary income and losses are zero.

Dividend per share

2020/03 2021/03 2022/03 2023/03 2024/03 2025/03
(Expected)
Dividend Per Share(yen) 1Q ------
2Q 36.0018.0020.0023.0025.0019.00
3Q ------
FY-End 18.0020.0024.0027.0027.0019.00
Total -38.0044.0050.0052.0038.00
Amount of Dividends(million yen) 7507989251,0531,070-
Payout Ratio(%) 31.530.328.631.628.939.1
Ratio of Total Amount of Dividends to Net Assets(%) 4.84.54.44.54.2-

*Dividends per share for the fiscal year ending March 31, 2025 (forecast)
Based on the resolution at the Board of Directors meeting held on May 10, 2024, the Company plans to conduct a 2-for-1 share split of shares of common shares, effective July 1, 2024. Accordingly, the amount presented for dividends per share for the fiscal year ending March 31, 2025 (forecast) takes into account the impact of the share split. The dividend per share for the fiscal year ending March 31, 2025 (forecast), without taking into account the share split, would be 38 yen at the second quarter-end and 38 yen at the fiscal year-end, for a total of 76 yen.

[note]

 

The Company implemented a 2-for-1 share split of common shares with an effective date of February 1, 2020.

  • The actual amounts of dividends before the share split are shown for the FY3/2018 interim dividend until the FY3/2020 interim dividend.
  • The total for FY3/2020 is not shown in the table above because the implementation of the share split makes it impossible to perform a simple calculation.