Dividend Information

Dividend policy

We consider returning profits to our shareholders as one of the most important management tasks. Therefore, while maintaining stable dividends, we promote a dividend policy which is linked to business performance. Going forward, we will endeavor to further improve business performance based on the strategy established in the medium-term management plan, and to raise the consolidated dividend payout ratio during the period of the current medium-term management plan (fiscal year ending March 2018 to fiscal year ending March 2021).

Dividend status

The latest dividends are as follows.

(As of June 19, 2020)

Per share
Interim dividend
Per share
Fiscal dividend
Per share
Annual dividend
Fiscal Year Ending March 2021
[Forecast]
14JPY 14JPY 28JPY
Fiscal Year Ending March 2020 14JPY 14JPY 28JPY
Fiscal Year Ending March 2019 12JPY 13JPY 25JPY

Changes in dividends

Changes in dividends from the fiscal year ending March 2005 are as follows.


Per share
Interim dividend
Per share
Fiscal dividend
Per share
Annual dividend
Fiscal Year Ending March 2018 11JPY 12JPY 23JPY
Fiscal year ending March 2017 9JPY 11JPY 20JPY
Fiscal Year Ending March 2016 7JPY 9JPY 16JPY
Fiscal Year Ending March 2015 6JPY 7JPY 13JPY
Fiscal year ending March 2014 6JPY 6JPY 13JPY
Fiscal Year Ending March 2013 6JPY 6JPY 12JPY
Fiscal year ending March 2012 6JPY 6JPY 12JPY
Fiscal Year Ending March 2011 6JPY 6JPY 12JPY
Fiscal year ending March 2010 6JPY 6JPY 12JPY
Fiscal Year Ending March 2009 6JPY 6JPY 12JPY
Fiscal year ending March 2008 6JPY 6JPY 12JPY
Fiscal Year Ending March 2007 5JPY 7JPY 12JPY
Fiscal Year Ending March 2006 4JPY 6JPY 10JPY
Fiscal Year Ending March 2005 3JPY 6JPY* 9JPY

* The fiscal dividend for the year ending March 31, 2005 is the sum of the ordinary dividend of 4 JPY and the dividend of 2 JPY commemorating the merger.

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