Our dividend policy is based on providing consistent and stable dividends in light of earnings, financial conditions and future business expansion, among other factors.
Our basic policy on the distribution of surpluses is to pay dividends twice a year in the form of interim dividends and year-end dividends. The Board of Directors determines the amount of the interim dividend and shareholders determine the amount of the year-end dividend at the annual general shareholders’ meeting.
The Company has stipulated in its Articles of Incorporation that the distribution of surplus funds can be made by resolution of the Board of Directors.
In distributing surplus funds in this fiscal year 2023, in line with the basic policy of providing stable and ongoing dividends, the Company will pay an interim dividend of 17.00 yen per share and a year-end dividend of 18.00 yen per share, for a total of 35.00 yen per share in annual dividends.
Retained earnings are to be used for research and development to strengthen competitiveness, investments in manufacturing facilities and new businesses, and to strengthen the financial structure.
Distribution of surplus funds for this business year’s record date is as noted below.
|
| 2020/03 | 2021/03 | 2022/03 | 2023/03 | 2024/03 | 2025/03 （Expected） |
||
|---|---|---|---|---|---|---|---|
| Dividend Per Share(yen) | 1Q | - | - | - | - | - | - |
| 2Q | 17.50 | 17.50 | 17.50 | 17.00 | 17.00 | 17.00 | |
| 3Q | - | - | - | - | - | - | |
| FY-End | 17.50 | 17.50 | 17.50 | 18.00 | 18.00 | 18.00 | |
| Total | 35.00 | 35.00 | 35.00 | 35.00 | 35.00 | 35.00 | |
| Amount of Dividends(million yen) | 469 | 475 | 474 | 472 | 472 | - | |
| Payout Ratio(%) | 67.8 | 67.7 | 65.4 | 78.4 | 321.4 | 95.4 | |
| Ratio of Total Amount of Dividends to Net Assets(%) | 2.4 | 2.3 | 2.3 | 2.3 | 2.2 | - | |
