Shareholder Return Policy
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 | |||
| FY2021(Forecast) | 7.5yen | 7.5yen | 15.0yen | 23.2% | 22.5% |
| FY2020 | 7.0yen | 7.0yen | 14.0yen | 31.0% | 18.4% |
| FY2019 | 7.0yen | 7.0yen | 14.0yen | 38.6% | 16.3% |
| 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% |
