Shareholder Return Policy

The Company’s shareholder return policy is based on a total amount of shareholder returns consisting of the amount of dividends combined with the amount of treasury shares acquired. The Company will target a total return ratio (*) that is mainly in the range of approximately 30% to 35%, and determine it based on comprehensive judgments that take into account such considerations as medium- and long-term investment for future enhancement of corporate value.
(*) Total return ratio = (amount of dividends + amount of treasury shares acquired) ÷ consolidated net income x 100

Dividends per share and shareholder return indexes

Dividends per share and shareholder return indexes
FYE Dividend Per Share (Yen) Remarks
2nd Quarter end 4th Quarter end Full-year
3/19 (Forecast) 20 25 45
3/18 20 20 40
3/17 18 22 40
3/16 16 20 36
3/15 15 18 33
3/14 11 19 30
3/13 10 13 23
3/12 9 12 21
3/11 7 19 26 Includes 2 yen of dividend to commemorate the 120th anniversary of the company.
3/10 5 5 10
3/09 5 5 10
3/08 5 5 10
3/07 6 6 12
3/06 20 3 23 Includes 17 yen of special dividend.
3/05 3 3 6
3/04 3 3 6
3/03 3 3 6
3/02 3 3 6
3/01 3 4.5 7.5 Includes 1.5 yen of dividend to commemorate the 110th anniversary of the company.
3/00 3 3 6