The company has positioned dividends as an important issue in management and has a basic policy of returning profits continuously and stably in consideration of its financial situation and earnings trend.
The company will enhance opportunities for returns by paying dividends of surplus funds twice a year as an interim dividend and as a term-end dividend. In addition to investments aimed at the sustainable growth of existing business, we will use retained earnings for growth investment in new areas where market expansion is expected. Further, we consider the acquisition of treasury stock to be one of the measures for returning profits to shareholders and will consider the flexible implementation of such measures in accordance with the market environment.
1．Dividend for the fiscal year ended March 2023
At the 113th Annual General Meeting of Shareholders held on June 29, 2023, the term-end dividend was 32 yen per share. We paid an annual dividend of 62 yen per share, with an interim dividend of 30 yen per share and a term-end dividend of 32 yen per share.
2．Dividend for the fiscal year ending March 2024
Also, with regard to dividends next term, we are planning to enhance the interim dividend and pay an annual dividend of 64 yen per share, with an interim dividend of 32 yen per share and a term-end dividend of 32 yen per share.
*This forecast is based on information available as of May 15, 2023, and there may be differences between this forecast and the actual dividend due to various later factors.
| FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 （Expected） |
||
|---|---|---|---|---|---|---|---|
| Dividend Per Share(yen) | 1Q | - | - | - | - | - | - |
| 2Q | 0.00 | 0.00 | 0.00 | 30.00 | 30.00 | 32.00 | |
| 3Q | - | - | - | - | - | - | |
| FY-End | 40.00 | 32.00 | 60.00 | 30.00 | 32.00 | 32.00 | |
| Total | 40.00 | 32.00 | 60.00 | 60.00 | 62.00 | 64.00 | |
| Amount of Dividends(million yen) | 3,845 | 3,076 | 5,768 | 5,706 | 5,801 | - | |
| Payout Ratio(%) | 22.9 | 14.5 | 22.4 | 33.7 | 30.6 | 29.5 | |
| Ratio of Total Amount of Dividends to Net Assets(%) | 4.8 | 3.2 | 5.0 | 4.4 | 4.2 | - | |
- On October 1, 2017, the company consolidated its common stock at the rate of 10 shares to one.
On April 1, 2021, the company implemented a stock split of five shares per ordinary share.
Annual dividends are presented retroactively for the prior years.
|
Period of Acquisition |
Method of Acquisition |
Total Number of Shares Acquired |
Total Amount Paid for Acquisition |
|---|
|
May 13, 2022 |
Market purchase on the Tokyo Stock Exchange |
259,400 |
JPY 444,823,294 |
|
Jun 1, 2022 |
Market purchase on the Tokyo Stock Exchange |
355,300 |
JPY 608,408,396 |
|
July 1, 2022 |
Market purchase on the Tokyo Stock Exchange |
242,800 |
JPY 446,714,791 |
|
August 1, 2022 |
Market purchase on the Tokyo Stock Exchange |
334,500 |
JPY 642,272,500 |
|
September 1, 2022 |
Market purchase on the Tokyo Stock Exchange |
225,500 |
JPY 438,485,500 |
|
October 1, 2022 |
Market purchase on the Tokyo Stock Exchange |
221,500 |
JPY 419,109,400 |
|
May 13, 2022 |
Market purchase on the Tokyo Stock Exchange |
Total number of shares acquired |
Total Amount Paid for Acquisition |
|
Period of Acquisition |
Method of Acquisition |
Total Number of Shares Acquired |
Total Amount Paid for Acquisition |
|---|
|
May 14, 2021 |
Market purchase on the Tokyo Stock Exchange |
1,038,100 |
JPY 1,999,894,567 |
|
May 13, 2022 |
Market purchase on the Tokyo Stock Exchange |
1,639,000 |
JPY 2,999,813,881 |