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Return to Shareholders

Basic Policies concerning Return to Shareholders

The Company regards profit distribution to shareholders in cash as an important policy and will effectuate a continuous, stable profit distribution at high levels. We use the dividend on equity ratio as our target index, keeping this figure at least 5% of consolidated financial results for the mid-to long-term.

Dividend Per Share (DPS) ※1

(Unit: yen)

  FY2018 FY2019 FY2020 FY2021 FY2022
Interm Dividend 32.55 32.55 32.55
32.55 32.55
Year-end Dividend 47.55 ※2 32.55 32.55 47.55 ※3
Annual Dividend 80.1 65.1 65.1 80.1
DOE (Dividend on equity) 6.5% 5.3% 5.4% 6.3%

※1 The dividend amounts have been retroactively adjusted to reflect the two-for-one stock split effective October 1, 2021.

※2 Breakdown of FY17/18 Year-end dividend: Ordinary dividend of 32.55 yen per share + Commemorative dividend of 15 yen per share.

※3 Breakdown of FY20/21 Year-end dividend: Ordinary dividend of 32.55 yen per share + Commemorative dividend of 15 yen per share.

Total Dividends and Treasury Stock Acquisition Cost

(Unit: millions of yen)

  FY2017 FY2018 FY2019 FY2020 FY2021
Total Cash Dividends 3,147 4,613 3,734 3,722 4,561
Treasury Stock Acquisition Cost 0 0 1,377 0 1,500
Total 3,147 4,613 5,111 3,722 6,061

※ Includes dividends paid during the period and cost of acquisition of treasury stock.

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