Return to Shareholders (Dividends, etc.)

Investor RelationsStock and bond information

Return to Shareholders (Dividends, etc.)

Basic Policies Regarding Distribution of Profits and Dividends

The Company regards the return of profits to shareholders to be one of its most important policies. Our basic policy is to determine the distribution of profits targeting a payout ratio of 25% or more, comprehensively taking into consideration our business results and the future business environment as well as the capital requirements for medium- and long-term business development, etc., while maintaining a stable dividend policy.
The Company plans to pay year-end dividends of ¥8.0 per share (annual dividends of ¥15.5) in consideration of the aforementioned policy. As a result, the dividend payout ratio for this fiscal year is 27.3%. For the next fiscal year, the Company plans to pay second quarter-end dividends of ¥8.0 per share and year-end dividends of ¥8.0 per share for total annual dividends of ¥16.0 per share, an increase of ¥0.5 per share over the previous year, with the dividend payout ratio of 29.5%.

Changes to Dividend per Share



  FY2016 FY2017 FY2018 FY2019 FY2020
Interim 5.5 6.5 7.0 7.5 8.0
Year-end 6.5 6.5 7.5 8.0 8.0
Total 12.0 13.0 14.5 15.5 16.0

There were no stock splits during above period.

Acquisition of Treasury Stock, etc.

Fiscal 2018
(1) Acquires pursuant to resolutions passed at the general meeting of shareholders.
Not applicable
(2) Acquires pursuant to resolutions passed by the board of directors
Not applicable
(3) Items not based on board of directors' resolutions or resolutions passed at the general meeting of shareholders
· Treasury stock acquired in the current fiscal year

Year Number of shares
Fiscal 2018 1,953

· Total number of treasury shares held (as of year ended March 2019)

Accumulated Number of shares
Fiscal 2018 (as of March 2019) 271,284
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