Dividends and Distribution of Profits
Basic Policy Regarding Distribution of Profits and Dividends of This Period
We will implement steady dividends targeting a consolidated dividend on equity ratio (DOE) of 3.2%, with profit return to shareholders through dividends as one of our most important measures.
[Basic concept]
DOE 3.2% = Aimed ROE level 8.0% × dividend payout ratio 40%
Cash dividends per share for March 2024 is expected to be 127 yen.
Annual dividend per share (yen)
| Interim dividend | Year-end dividend | Annual dividend | |
|---|---|---|---|
| 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 |
| 2022/3 | 30 yen | 70 yen | 100 yen |
| 2023/3 | 50 yen | 71 yen | 121 yen |
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*1Detail 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.
