The Company recognizes that enhancing the return of profits to shareholders is one of management’s most important tasks and strives for a stable increase in dividends.

The Company plans a year-end dividend of 25 yen per share for the fiscal year ended March 31, 2021, which together with the interim dividend gives an annual dividend of 40 yen and a dividend payout ratio of 17.5%. Going forward, the Company will aim to realize a stable dividend payout ratio of 30%.

Furthermore, the Company plans an annual dividend of 80 yen per share (interim dividend: 40 yen, year-end dividend: 40 yen) for the fiscal year ending March 31, 2022.

The Company has stipulated that an interim dividend can be offered based on a resolution by our Board of Directors and has established a basic policy to offer two dividends per annum in the form of an interim dividend and year-end dividend. The interim dividend is resoluted by the Company’s Board of Directors. The year-end dividend is resoluted at the general shareholders’ meeting.


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