Basic Policy Concerning Profit Distribution and Dividends
Under the Mid- to Long-term Business Plan, which was formulated in April 2019, the company has targeted the total return ratio to be around 40-50% in Phase 1 (from fiscal year ended March 31, 2020 to fiscal year ending March 31, 2022).
As for dividend, the Company intends to set the year-end dividend for the fiscal year ended March 31, 2020 at 40.0 yen per share as forecasted. Combined with the second quarter-end dividend, the annual dividend per share will be 80.0 yen. As a result, total return ratio during the fiscal year ended March 31, 2020, which included the acquisition of treasury shares, was 46.5%.
In regard to the dividend for the fiscal year ending March 31, 2021, the annual dividend per share will be 80.0 yen as with the previous fiscal year.
Special Benefit Plans for Shareholders
The Company does not currently have special benefit plans for shareholders. The establishment of any such benefit plans for the future will be discussed and action related thereto determined with due consideration given to the Group's Shareholder Return Policy and requests from Shareholders.
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