Dividend Policy and Dividends​

Basic Policies for Profit Sharing

As for profit sharing at the Company and its subsidiaries and affiliates, our policy is to pay dividends to shareholders according to the consolidated business performance of the Company and its subsidiaries and affiliates in view of enhancing the corporate constitution from a long-term, comprehensive perspective, in consideration of retained earnings to prepare for rolling out businesses in the future.

Aiming at 10% or more consolidated return on equity by FY2024
Aiming at 30% or more payout ratio by FY2024


FY2018 FY2019 FY2020 FY2021 FY2022 FY2023
Result Result Result Result Result Forecast
Interim dividend 4.00 4.00 4.00 6.00 8.00 10.00
Final dividend 4.00 4.50 5.50 8.00 10.00 14.00
Annual dividend per share 8.00 8.50 9.50 14.00 18.00 24.00
Payout ratio(%) 16.2% 17.9% 20.5% 25.2% 26.4% 31.8%
[Figure] Graph of Annual dividend per share and Payout ratio