Dividend Policy

 We believe that increasing our corporate value through our business activities is the best way to reward shareholders. Our policy on shareholder returns is to carry them out at appropriate levels while maintaining necessary levels of internal reserves for strengthening business growth and our corporate structure from a long-term perspective. Specifically, our basic dividend policy is to maintain a consolidated annual dividend payout ratio of 30% to 35%, with a minimum annual dividend of 30 yen per share.

2020/03 2021/03 2022/03 2023/03 2024/03 2025/03
(Expected)
Dividend Per Share(yen) 1Q ------
2Q 10.0015.0015.0015.0015.0030.00
3Q ------
FY-End 65.0045.0025.0065.0075.0060.00
Total 75.0060.0040.0080.0090.0090.00
Amount of Dividends(million yen) 3,2592,6081,7383,4773,911-
Payout Ratio(%) 40.929.727.526.528.331.3
Ratio of Total Amount of Dividends to Net Assets(%) 2.21.71.12.02.1-