Dividend

We consider that shareholder return as one of our priority management issues, and we have made it a basic policy to maintain stable dividend payment.
The target dividend payment ratio is about 30%.

Dividend / Dividend payment ratio

FY2016 FY2017 FY2018 FY2019 FY2020(Expected)
Interim
divi-
dend		 Year-end divi-
dend		 Interim
divi-
dend		 Year-end divi-
dend		 Interim
divi-
dend		 Year-end divi-
dend		 Interim
divi-
dend		 Year-end divi-
dend		 Interim
divi-
dend		 Year-end divi-
dend
Dividend per share
(JPY)		 25 35 30 32 31 31 31 31 25 25
60 62 62 62 50
Dividend payment ratio 29.9% 29.8% 31.0% 34.9% ―

※The company conducted a 2-for-1 common stock split on April 1 2018.
Dividend per share has been calculated as if this stock split had taken place at the beginning of FY2016.

DISCLAIMER

Forward-looking statements or projections included in our website, including earnings projections, are based on currently available information and certain premises that are judged to be rational at the time of this writing.
Actual results may differ greatly from the forecast figures depending on various factors.
the data listed in this website is included for the purpose of providing information,
it is not designed to encourage investment.