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.
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|
*1Detail of Dividends as March 31,2013:Ordinary dividend 30 yen, 100th anniversary commemorative dividend 5 yen
Complimentary programs for shareholders
We do not offer complimentary programs for shareholders. As our basic policy, we distribute profits via dividends to our shareholders.