Our basic policy regarding profit distribution is to return profits to shareholders in accordance with consolidated business performance and to increase internal reserves for future business development and strengthening our corporate structure. Regarding internal reserves, we will allocate them to new business investments and the development of new technologies and products in order to achieve long-term and stable business development, and strive to strengthen our corporate structure and international competitiveness. The indicator for profit return according to consolidated business performance (consolidated dividend payout ratio) is set at 30-35% of net income attributable to parent company shareholders, excluding one-time gains and losses that do not involve changes in cash and deposits. However, the decision will be made after giving due consideration to the continuation of stable dividends.
Regarding the frequency of dividends, our basic policy is to pay dividends from surplus twice a year, an interim dividend and a year-end dividend.
| 2019 March term |
2020 March term |
2021 March term |
2022 March term |
2023 March term |
2024 March term (Predict) |
||
|---|---|---|---|---|---|---|---|
| Annual dividend (yen) | End of first quarter | - | - | - | - | - | - |
| End of second quarter | 20.00 | 40.00 | 0.00 | 0.00 | 20.00 | 30.00 | |
| End of third quarter | - | - | - | - | - | - | |
| the end of the term | 70.00 | 0.00 | 20.00 | 20.00 | 68.00 | 68.00 | |
| total | 90.00 | 40.00 | 20.00 | 20.00 | 88.00 | 98.00 | |
| Total dividend (million yen) | 2,119 | 942 | 466 | 460 | 2,012 | - | |
| Payout ratio (%) | 29.7 | - | 81.0 | 120.4 | 31.8 | 34.0 | |
| Dividend on equity (%) | 1.9 | 0.9 | 0.4 | 0.4 | 1.7 | - | |
*As a reverse stock split of 10 shares into 1 share was carried out with an effective date of 1 October 2016, the annual dividend has been calculated as if such a reverse stock split had taken place.
* Until fiscal year 2022, the dividend payout ratio is based on net income attributable to owners of the parent.
From fiscal 2023, the dividend payout ratio is based on net income attributable to owners of the parent, excluding one-off gains and losses that do not result in an increase or decrease in cash and deposits.
