Returns to Shareholders

Dividend Policy

The Company recognizes returns to shareholders to be an important management issue, and its basic policy is to provide an interim dividend and a year-end dividend with a combined consolidated payout ratio of 30% while retaining the internal reserves required for future business expansion and enhancement of management structure.

Status of Dividends

Annual dividends per share were 35 yen in the year ended March 31, 2021. The dividend forecast for the year ending March 31, 2022 is 36 yen per share. (As of April 30, 2021)

For convenience, the amounts of annual dividends per share are all shown as the amounts after the following share splits.

1:2 share split of common shares on November 1, 2020 (effective date)(140KB)

(As of April 30, 2021)
Dividends per share Remarks
Interim Year-end Annual
Year ending
March 31, 2022
18.00 yen 18.00 yen 36.00 yen
Year ended
March 31, 2021
18.00 yen
(including a special dividend of 5.00 yen)
17.00 yen 35.00 yen 1:2 share split
(November 1, 2020)
Year ended
March 31, 2020
11.00 yen 11.00 yen 22.00 yen
Year ended
March 31, 2019
9.00 yen 11.50 yen 20.50 yen

Purchase of Treasury Shares

The Company does not have any plans to purchase treasury shares at present.

Excluding purchases pursuant to Article 155, item (vii) of the Companies Act (purchase of shares less than one unit).

Cancellation of Treasury Shares

The Company does not have any plans to cancel treasury shares at present.

Shareholder Special Benefit Plans

The Company does not have any plans to implement shareholder special benefit plans at present.

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