Return to Shareholders (Dividends)
Basic policy
Our basic policy has been to provide a stable financial foundation over the long term and return profit to our shareholders. To that end, while securing the internal reserves needed for our future business development, we have established a consolidated payout ratio target of 40% based on a comprehensive consideration of factors including performance, financial position, and return on capital.
Dividends and payout ratio
| The fiscal year ended March 31, 2020 | The fiscal year ended March 31, 2021 | The fiscal year ended March 31, 2022 | The fiscal year ended March 31, 2023 | The fiscal year ended March 31, 2024 | |
|---|---|---|---|---|---|
| Mid-term dividends (yen) | 60.00 | 0 | 20.00 | 10.00 | 40.00 |
| End-of-term dividends (yen) | 70.00 | 45.00 | 10.00 | 20.00 | 60.00 |
| Full-year dividend (yen) | 130.00 | 45.00 | 30.00 | 30.00 | 100.00 |
| Payout ratio (%) | 30.0 | 29.1 | 54.3 | 36.7 | 29.9 |
- The Group voluntarily complies with International Financial Reporting Standards (IFRS) replacing the conventional Japanese GAAP standards, for its consolidated financial statements in its securities reports from the fiscal year ended March 31, 2022 (118th term).
Shareholder special benefits
We currently have no shareholder special benefit plan.