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Dividends

The company's basic policy of dividend of surplus is to increase its corporate value, in order to pay stable dividends to the shareholders on a continuing basis, by enhancing its profitability through cutting-edge technological developments and appropriate capital investments. Based on the progress made in terms of the company’s equity capital adequacy enhancement, the company has increased the target consolidated dividend payout ratio to 25% to 30% from FY 3/19.


The term-end dividend for FY 3/19 was 19 yen per share. As for the term-end dividend for FY 3/20, the company is expected to increase it by 1 yen over the previous term and pay 20 yen per share, as announced in the "Summary of Consolidated Financial Results of Fiscal Year Ended March 2019", published on May 10, 2019.



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