Dividend Policy

The Company emphasizes the stable return of profits to shareholders, and pays stable and continuous dividends while striving to strengthen its financial structure and management base by securing appropriate internal reserves.

Dividend Trend

2018/03

2019/03

2020/03

2021/03

2022/03

2023/03

Dividend Per Share(yen)

1Q

-

-

-

-

-

-

2Q

3.50

17.50

17.50

12.50

12.50

15.00

3Q

-

-

-

-

-

-

FY-End

17.50

17.50

17.50

12.50

17.50

20.00

Total

21.00

35.00

35.00

25.00

30.00

35.00

Total Amount of Dividends(million yen)

2,764

2,763

2,764

1,974

2,370

2,767

Payout Ratio(%)

23.9

43.6

41.3

-

23.9

15.0

Ratio of Total Amount of Dividends to Net Assets(%)

1.6

1.6

1.6

1.2

1.4

1.5

※On October 1, 2017, we conducted a share consolidation with a ratio of 5 common shares to 1 share, so the interim dividend of 3.5 yen per share is before the share consolidation, and the year-end dividend of 17.5 yen is after the share consolidation. The amount of When converted based on the share consolidation, the interim dividend is equivalent to 17.5 yen, so the annual dividend per share for the fiscal year ending March 31, 2018 will be 35 yen.