Shareholder Return Policy

To aim for a breakthrough in the ‘Second Founding’ period, the Company will secure the necessary internal reserves for investing for business growth and strengthening its business structure, and will pay stable dividends to its shareholders with a payout ratio of 20% as the lower limit. Under this basic policy, the Company will work to balance growth investment and shareholder return.

With regard to the acquisition of treasury stock, after securing growth investments, the Company will flexibly proceed with the acquisition in consideration of the need under its capital policy as well as the impact on its financial position.

Changes in Dividends/Dividend Payout Ratio

Period Dividend per share Payout ratio ROE
Interim dividend Year-end dividend Annual dividend
FY2020(Forecast) 7.0yen 7.0yen 14.0yen 27.4% 20.7%
FY2019 7.0yen 7.0yen 14.0yen 24.5% 32.3%
FY2018 6.5yen 6.5yen 13.0yen 18.0% 38.6%
FY2017 5.5yen 6.0yen 11.5yen 20.9% 40.0%
FY2016 5.5yen 6.0yen 11.5yen 32.3% 29.2%
FY2015 4.5yen 5.0yen 9.5yen 60.4% 10.5%
FY2014 4.0yen 4.5yen 8.5yen 37.6% 13.8%
FY2013 3.5yen 4.0yen 7.5yen 16.3% 33.6%
FY2012 1.5yen 2.5yen 4.0yen 16.0% 23.2%

* Actual dividends paid by DIGITAL HEARTS Co., Ltd. are included above.

* The Company conducted a 100-for-1 stock split effective as of July 1, 2012, a 2-for-1 stock split effective as of October 1, 2012 and a 2-for-1 stock split effective as of October 1, 2016. Therefore, dividends before the fiscal year ended March 31, 2017 and the interim dividend for that fiscal year reflect the effects of these stock splits and are adjusted retroactively. Actual dividends are noted in parenthesis.