Dividends Information

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 set the year-end dividend for the fiscal year ended March 31, 2021 at 42.5 yen per share, which is an increase of 2.5 yen from forecasted. Combined with the second quarter-end dividend, the annual dividend per share will be 82.5 yen. As a result, total return ratio during this consolidated fiscal year, which included the acquisition of treasury shares, was 45.3%.
In regard to the dividend for the fiscal year ending March 31, 2022, the company intend to set both the second quarter-end and the year-end dividend at 42.5 yen per share, therefore the annual dividend per share is expected be 85.0 yen.

Dividends

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.