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.