Stock Dividends

Dividend policy

The Company strives to sustain business growth through the creation of customer value and to generate stable cash flow by improving profitability and using management resources efficiently. While the top priority is on strategic investment in growth, the Company also actively returns profits in parallel with its efforts to build a robust financial structure that is capable of withstanding changes in the business environment.

In line with this policy, the Company has set a consolidated dividend payout ratio in the range of 40% as a medium-term target, the ratio based on profit after an amount equivalent to the statutory effective tax rate is deducted from business profit, a profit category that shows profit from the Company's main operations (and which is very similar to operating income under Japanese accounting standards, both conceptually and numerically). The Company intends to be more active in giving back to shareholders by agilely purchasing treasury shares as warranted by share price, the capital situation, and other factors.

Date of record and payment

The company basically pays dividends twice a year (interim and year-end).

Interim dividend Year-end dividend
Date of record End of September End of March
Date of payment End of November End of June

Dividends and Consolidated Payout Ratio

Business term Interim dividend Year-end dividend Total Dividend payout ratio
(Consolidated) *
Fiscal year ended March 2024 ¥37.00(Forecast) ¥37.00 (Forecast) ¥74.00 (Forecast) -
Fiscal year ended March 2023 ¥31.00 ¥41.00
(Regular dividend ¥31.00)
(Commemorative dividend ¥10.00)
¥72.00
(Regular dividend ¥62.00)
(Commemorative dividend ¥10.00)
32.6%
Fiscal year ended March 2022 ¥31.00 ¥31.00 ¥62.00 23.2%
Fiscal year ended March 2021 ¥31.00 ¥31.00 ¥62.00 69.4%
Fiscal year ended March 2020 ¥31.00 ¥31.00 ¥62.00 278.5%
Fiscal year ended March 2019 ¥31.00 ¥31.00 ¥62.00 40.7%

* Dividend per share / Basic earnings per share * 100(%)

Acquisition of Treasury Shares

Repurchase period Repurchase method Total number of shares purchased Total repurchase amount
May 20, 2022 to January 16, 2023
(on an execution base)
Purchase on the Tokyo Stock Exchange (By securities company using discretionary method) 14,612,500 29,999,962,900 yen
May 7, 2019 to August 9, 2019
(on an execution base)
Purchase on the Tokyo Stock Exchange (By securities company using discretionary method) 6,210,600 9,999,888,400 yen
May 2, 2016 to June 30, 2016
(on an execution base)
Purchase on the Tokyo Stock Exchange (By securities company using discretionary method) 5,370,000 9,987,101,600 yen
November 17, 2011 Purchase through the off-auction own share repurchasetrading system (ToSTNeT-3) on the Tokyo Stock Exchange 20,250,000 19,521,000,000 yen

Shareholder Benefit Program

No shareholder benefit program is currently offered.

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