Return to Stockholders

Approach to profit allocation

The Company’s approach to profit allocation is to continue stable dividend while securing retained earnings necessary to develop future businesses and strengthen the management practices.
The Company’s basic policy is to distribute surplus twice a year as interim dividend and year-end dividend. We have determined to pay both interim and year-end dividends by a resolution of the Board of Directors pursuant to the article of incorporation unless otherwise provided for in laws and regulations.

Dividend per share: (yen)

  FY ended
March 2016
FY ended
March 2017
FY ended
March 2018
FY ended
March 2019
FY ended
March 2020
Interim 4 5 8 10 10
Year-end 5 7 8 9 10
Total 9 12 16 19 20
  1. The Company implemented a five-for-one stock split in the fiscal year ended March 2018. Dividend is calculatedassuming that the stock split was implemented at the beginning of the fiscal year ended March 2016.
  2. The interim dividend for the fiscal year ended March 2019 include commemorative dividends.

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