Dividend Information

Dividend Policy

For the fiscal year ended March 31, 2023, the Company paid a Q2-end dividend of 40 yen per share, and at a meeting held on May 12, 2023 the Board of Directors passed a resolution to pay a year-end dividend of 70 yen per share, for an annual dividend of 110 yen per share, an increase of 5 yen from the initial plan. This represents a dividend payout ratio of 33.6%.

With respect to dividends for the fiscal year ending March 31, 2024, the Company plans to pay an annual dividend of 37 yen (a Q2-end dividend of 14 yen per share and a year-end dividend of 23 yen), with a consolidated dividend payout ratio of 34.5%, based on the earnings forecast for the fiscal year ending March 31, 2024 and the basic policy described above.

The Company conducted a three-for-one split of its common stock effective April 1, 2023. For the fiscal year ended March 31, 2023, this will be implemented based on the number of shares before the stock split. The dividend forecast for the fiscal year ending March 31, 2024 takes into account the effect of the stock split.