Dividend Policy

We recognize that returning profits to our shareholders is one of our important issues.

With the aim of strengthening the management base and improving corporate value through sustainable growth, while securing funds for sound financial structure, R & D investment, production capital investment, M & A, etc., it is stable in the medium term according to business performance. Our basic policy is to continue to pay dividends.

The Articles of Incorporation stipulate that, by a resolution of the Board of Directors, an interim dividend may be paid to the shareholders or registered share pledgees recorded in the final shareholder list on September 30 every year. We will pay the interim dividend and the year-end dividend twice a year. The decision-making body for dividends of these surpluses is the Board of Directors for interim dividends and the General Meeting of Shareholders for year-end dividends.

2016/03 2017/03 2018/03 2019/03 2020/03 2021/03
(Expected)
Dividend Per Share(yen) 1Q ------
2Q 4.506.006.008.008.009.00
3Q ------
FY-End 4.506.006.008.0010.009.00
Total 9.0012.0012.0016.0018.0018.00
Amount of Dividends(million yen) 7369849821,3031,458-
Payout Ratio(%) 23.323.318.021.523.2-
Ratio of Total Amount of Dividends to Net Assets(%) 1.01.41.31.71.8-