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Dividend Information

Dividend Policy

In line with our shareholder return policy, we are striving to maintain a steady dividend stream while working to further expand return to shareholders in a way that gives due consideration to striking a balance between soundness and profitability as well as to securing opportunities for growth investments.

We  also practice a policy of annually delivering two rounds of dividend payouts in order to provide our shareholders with greater opportunities to enjoy returns on profit, paying interim dividends from surplus with the record date set at September 30.

For fiscal year 2019, we decided to pay annual dividends of 21 yen per common share (comprising interim dividends of 10.5 yen and year-end dividends of 10.5 yen). With regard to annual dividends per common share for fiscal year 2020, our intention is to keep the amount at a level on par with dividends paid for fiscal year 2019.

Dividends per common share

Dividends per common share

Dividends per common share

Annual
(Yen)
Interim
(Yen)
Year-end
(Yen)
Dividend Payout Ratio
FY2020

21
(Forecast)

10.5
(Forecast)

10.5
(Forecast)

40.2%
(Forecast)

FY2019

21

10.5

10.5

31.7%

FY2018

21

10.5

10.5

27.8%

FY2017

20

10

10

19.9%

FY2016

19

9.5

9.5

28.4%

FY2015

17

8.5

8.5

22.4%

FY2014

17

-

17

18.7%

FY2013

15

-

15

16.7%

FY2012

12

-

12

11.4%

FY2011

12

-

12

12.4%

FY2010

12

-

12

16.4%

FY2009

10

-

10

11.3%

FY2008

10

-

10

13.1%

FY2007

10

-

10

4.2%

FY2006

10

-

10

1.9%

FY2005

10

-

10

3.1%