Shareholder Returns

Basic Policy of Appropriation of Profits and Dividend Forecast

Comprehensive decisions on shareholder returns will be made based on the Company’s basic policy to pay dividends consistently, while also taking into consideration the Company’s business results and cash position, among other factors.

  FYE March 2019 FYE March 2020 FYE March 2021 FYE March 2022
(forecast)
Annual dividends per share 40 yen 40 yen 45 yen 50 yen
Dividend payout ratio 13.5% 26.7% 19.6% 23.9%
Share repurchase 10.4 bil.yen 9.5 bil.yen 3.0 bil.yen
Total return ratio 13.5% 95.4% 59.0%