Dividend Policy

The Company's basic policy is to maintain stable dividends to the extent possible while comprehensively considering business performance for each business year and internal reserves necessary in preparation for future management initiatives. 

In addition, its basic policy is to distribute surplus funds twice a year for the payment of interim and year-end dividends in each business year.  

The Company's Articles of Incorporation stipulates that matters prescribed in the items of Article 459, Paragraph 1 of the Companies Act including matters relating to the dividends of surplus may be determined according to resolutions passed at meetings of the Board of Directors, unless otherwise specified statutorily.

Shareholder Returns

FY2017 FY2018 FY2019 FY2020 FY2021 FY2022
(Expected)
Dividend Per Share(yen) 1Q ------
2Q 5.005.006.007.007.007.00
3Q ------
FY-End 5.005.006.007.007.007.00
Total 10.0010.0012.0014.0014.0014.00
Amount of Dividends(million yen) 9,9119,91011,89113,88113,889-
Payout Ratio(%) 24.627.322.823.827.919.8
Ratio of Total Amount of Dividends to Net Assets(%) 1.61.51.82.01.9-