Stock Information
Dividends and Return to Shareholders
Basic Policy for Dividends
The Company views the strengthening of returns to shareholders as an important task for management. For dividend distribution, the basic policy for fiscal years lies in stable and continuous distribution of dividends after retained earnings are taken into consideration, for the purposes of investments in production facilities in growing business fields, in technological developments in new business areas, and in tapping new markets.
Dividends
With the payment of an interim dividend of ¥22 per share for the 86th fiscal year, the Company’s full-year dividend expects to be ¥44 per share (consolidated payout ratio of 67.8%).
We have decided to submit this to the 86th annual general meeting of shareholders to be held on June 27, 2024.
With respect to dividends for the 87th fiscal year, the Company expects to pay \48 per share for annual dividends (interim dividend of \24, year-end dividend of \24 and 44.8% in terms of expected consolidated payout ratio)
(Announced May 14, 2024)
| Interim | Year end | Total | Consolidated dividend payout ratio | |
|---|---|---|---|---|
| 87th (4/2024～3/2025) | 24(E) | 24(E) | 48(E) | 44.8％(E) |
Dividends change
| Interim | Year end | Total | Consolidated dividend payout ratio | |
|---|---|---|---|---|
| 86th (4/2023～3/2024) | 22 | 22(E) | 44(E) | 67.8％(E) |
| 85th (4/2022～3/2023) | 25 | 25 | 50 | 37.0％ |
| 84th (4/2021～3/2022) | 18 | 22 | 40 | 19.8% |
| 83rd (4/2020～3/2021) | 16 | 20 | 36 | 19.5% |
| 82nd (4/2019～3/2020) | 14 | 16 | 30 | 17.7% |
| 81st (4/2018～3/2019) | 12 | 14 | 26 | 23.8% |
| 80th (4/2017～3/2018) | 8 | 14 | 22 | 19.0% |
| 79th (4/2016～3/2017) | 6 | 12 | 18 | 15.1％ |
| 78th (4/2015～3/2016) | 6 | 8 | 14 | 67.9％ |
| 77th (4/2014～3/2015) | 4 | 10 | 14 | 17.4％ |
| 76th (4/2013～3/2014) | 4 | 5 | 9 | 28.6％ |
| 75th (4/2012～3/2013) | 4 | 5 | 9 | 30.1％ |
| 74th (4/2011～3/2012) | 3 | 6 | 9 | 52.8％ |
| 73rd (4/2010～3/2011) | 9 | 9 | 18 | 61.4％ |
| 72nd (4/2009～3/2010) | 6 | 9 | 15 | 36.6％ |
| 71st (4/2008～3/2009) | 9 | 3 | 12 | - |
| 70th (4/2007～3/2008) | 9 | 9 | 18 | 93.1％ |
| 69th (4/2006～3/2007) | 9 | 9 | 18 | 26.4％ |
| 68th (4/2005～3/2006) | 7 | 9 | 16 | 26.2％ |
| 67th (4/2004～3/2005) | 7 | 7 | 14 | 21.6％ |
| 66th (4/2003～3/2004) | 6 | 6 | 12 | 13.9％ |
| 65th (4/2002～3/2003) | 4 | 4 | 8 | 34.5％ |
| 64th (4/2001～3/2002) | 4 | 4 | 8 | 97.3％ |