Dividends and Distribution of Profits

Basic Policy Regarding Distribution of Profits and Dividends of This Period

The Company considers the return of earnings to shareholders as one of the most important measure, and the Company has the target for consolidated dividend payout ratio to be 35% and stable dividend payment.

Cash dividends per share for March 2022 is expected to be 100 yen.

Annual dividend per share (yen)

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Interim dividend Year-end dividend Annual dividend
2010/3 15 yen 15 yen 30 yen
2011/3 15 yen 15 yen 30 yen
2012/3 15 yen 20 yen 35 yen
2013/3 15 yen 35 yen(*1) 50 yen
2014/3 20 yen 25 yen 45 yen
2015/3 20 yen 32 yen 52 yen
2016/3 25 yen 42 yen 67 yen
2017/3 25 yen 45 yen 70 yen
2018/3 25 yen 50 yen 75 yen
2019/3 25 yen 66 yen 91 yen
2020/3 30 yen 70 yen 100 yen
2021/3 30 yen 60 yen 90 yen
  • *1
    Detail of Dividends as March 31,2013:Ordinary dividend 30 yen, 100th anniversary commemorative dividend 5 yen

Changes in Consolidated Net Income and Dividends

Complimentary programs for shareholders

We do not offer complimentary programs for shareholders. As our basic policy, we distribute profits via dividends to our shareholders.