Shareholders Return Policy
The company is placing management priority on sharing profits with shareholders, while committing to enhancing its medium- to long-term corporate value placing management priority on sharing profits with shareholders.
With regard to a specific dividend policy, the Company has a policy of appropriating profits by setting a target dividend payout ratio, comprehensively considering the maintenance of its capital base and the investment for growth to ensure the appropriate returns are paid to shareholders while paying an annual dividend to its shareholders once at the end of the fiscal year. The size of the dividend is decided upon at the annual general shareholders' meeting.
In the medium-term management plan "BSP2025", the following describes the shareholder return policy which will guide the payment of dividends during this the 5-year plan beginning in fiscal year 2021.
- To pay a year-end dividend from the retained earnings once a year, and through linking with the company's business performance in each term, to aim for a consolidated payout ratio of 30% per year while maintaining a minimum annual dividend per share of 15 yen.
- The acquisition of own shares will be made where appropriate in line with our business performance forecasts and the consideration of a free cash flow.
|Fiscal year||Annual Dividend per Share|
|As of Fiscal Year-End||Full Year|
|Fiscal 2023 Ending March 2024||40.0 (Forecast)||40.0 (Forecast)|
|Fiscal 2022 Ending March 2023||38.0||38.0|
|Fiscal 2021 Ending March 2022||15.0||15.0|
|Fiscal 2020 Ending March 2021||12.0||12.0|
|Fiscal 2019 Ending March 2020||12.0||12.0|