Dividend Policy

As for profit return to shareholders, our group has the basic policy for deliberating and implementing profit return by balancing internal reserve through comprehensive consideration of the followings: business performance, financial status, future business and investment plans. Specifically, we set a consolidated payout ratio target of approximately 40%.

In principle, we plan to distribute surplus funds as dividends either once a year – at the end of the fiscal year – or twice a year. Decisions regarding interim dividends will be made in a Board meeting, while decisions regarding year-end dividends will be made at the general meeting of shareholders.


The amount of the dividend are detailed below for FY2019.

Estimated dividends for FY2020 are 15 yen per share (interim) and 23 yen per share (year-end)*
*The company made a timely disclosure “Notice concerning revision of consolidated business forecast and year-end dividend”on January 29, 2021. The numbers in above are the numbers after the revision.

FY2019 Dividend per share
Q2 12.0
Q4 18.0