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.
|Year-end Dividend||47.55 ※2||32.55||32.55||47.55 ※3|
|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.
(Unit: millions of yen)
|Total Cash Dividends||3,147||4,613||3,734||3,722||4,561|
|Treasury Stock Acquisition Cost||0||0||1,377||0||1,500|
※ Includes dividends paid during the period and cost of acquisition of treasury stock.