Our dividend policy is based on the principle of continuing to pay stable dividends as an allocation of results backed by business performance, while securing the necessary internal reserves for future business expansion and strengthening our management structure.
Our basic policy for dividends from surplus is to pay a year-end dividend once a year, and dividends can be decided by resolution of the Board of Directors. The year-end dividend for the fiscal year ending March 2023 is set at 30 yen per share.
In addition, with regard to retained funds, we will invest them in preparation for future business expansion, research and development, capital investments for facility renewal, capital investments to increase added value and competitiveness, digital transformation investments to improve productivity, startup investments, M&A, etc., with the aim of strengthening our long-term competitiveness and increasing our corporate value.
| FY2020 | FY21 ending March | FY22 ending March | Fiscal year ending March 2023 | Fiscal year ending March 2024 | Fiscal year ending March 2013 (prediction) |
||
|---|---|---|---|---|---|---|---|
| Annual dividend (yen) | End of first quarter | - | - | - | - | - | - |
| End of second quarter | - | - | - | - | - | - | |
| End of third quarter | - | - | - | - | - | - | |
| End of term | 60.00 | 90.00 | 80.00 | 30.00 | 40.00 | 50.00 | |
| Total | 60.00 | 90.00 | 80.00 | 30.00 | 40.00 | 50.00 | |
| Total dividend amount (million yen) | 531 | 788 | 719 | 801 | 1,041 | - | |
| Dividend payout ratio (%) | 22.9 | 21.0 | 16.6 | 21.3 | 27.8 | 31.1 | |
| Dividend on net assets (%) | 2.4 | 3.3 | 2.6 | 2.6 | 3.2 | - | |
*Net income for the fiscal year ended March 2019 includes gain on negative goodwill.
* Breakdown of the dividend of 70 yen for the fiscal year ending March 2019: Ordinary dividend of 50 yen, Anniversary dividend of 20 yen
* Breakdown of the dividend of 60 yen for the fiscal year ending March 2020: Ordinary dividend 50 yen, special dividend 10 yen
* Breakdown of the dividend of 90 yen for the fiscal year ending March 2021: Ordinary dividend of 60 yen, Merger commemorative dividend of 30 yen
* Breakdown of dividend of 80 yen for the fiscal year ending March 2022: Ordinary dividend 65 yen, special dividend 15 yen
*The dividend for the fiscal year ending March 2023 will be calculated after a stock split at a ratio of 3 shares for every common share, with the effective date being July 1, 2022.
