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.
While the body to decide this surplus distribution is the stockholders’ meeting for year-end dividend, interim
dividend only requires a resolution of the Board of Directors as stipulated by the Articles of Incorporation.
Dividend per share: (yen)
| FY ended March 2015 |
FY ended March 2016 |
FY ended March 2017 |
FY ended March 2018 |
FY ended March 2019 |
|
|---|---|---|---|---|---|
| Interim | 3 | 4 | 5 | 8 | 10 |
| Year-end | 5 | 5 | 7 | 8 | 9 |
| Total | 8 | 9 | 12 | 16 | 19 |
- Note 1: The Company implemented a five-for-one stock split in the fiscal year ended March 2018. Dividend is calculated assuming that the stock split was implemented at the beginning of the fiscal year ended March 2015.
- Note 2: The year-end dividend for the fiscal year ended March 2015 and the interim dividend for the fiscal year ended March 2019 include commemorative dividends.