Shareholder Return

Shareholder Return Policy

The Company considers profit ret urn for all shareholders to be one of the most important management issues. Taking into consideration the internal reserves necessary for strengthening financial constitution and carrying out progress business expansion, the fundamental policy implemented by the Company is providing a stable dividend. More specifically, the goal is continuing allotment with dividend ratios of 30% of more on a consolidated basis.

Dividend

item Dividend amount per share (yen) Dividend payout ratio (%)
March 31, 2023 51 32.9
March 31, 2022 51 30.3
March 31, 2021 41 30.0
March 31, 2020 30 31.3
March 31, 2019 30 32.0
March 31, 2018 25 35.1
March 31, 2017 25 31.4
March 31, 2016

20

30.1

* Implementation of stock split * On of April 1, 2018, 1: 2 stock split. Accordingly, dividend amount converted into base after split before fiscal year ended Mar. 31, 2018.