Basic Policy for Profit Distribution
Our basic profit distribution policy is to maintain a stable return of profits to shareholders while securing funds for growth investment along with a medium- to long-term improvement in consolidated operating performance. In addition, we determine profit distribution after considering various factors, using a dividend payout ratio of 30% as a guide, in addition to maintaining stable dividends. Funds retained internally are used to strengthen our production and sales systems in response to changes in the business environment, capital expenditures for growth, the development of new technologies and products, operational rationalization, and other efforts to strengthen competitiveness and improve earnings power over the medium to long term.
Cash Dividends for the Fiscal Year Ended December 31, 2023
Given various factors, including our performance in Fiscal 2023 and our financial position based on the above policy, the board of directors resolved at their meeting on February 13, 2024 to increase the most recent year-end dividend planned for the fiscal year ended December 2023 of 35 yen by 10 yen to 45 yen per share, which is 20 yen higher than in the previous period, and to submit this proposal to the general meeting of shareholders to be held on March 27, 2024. As a result, the annual dividend including the 35 yen interim dividend will be 80 yen per share, 35 yen higher than in the previous period.
Cash Dividends for the Fiscal Year Ending December 31, 2024
The planned dividend for the fiscal year ending December 2024 is 80 yen per share per annum (interim dividend of 40 yen and year-end dividend of 40 yen).
Cash Dividends
(Yen)
| Fiscal year | Cash dividends per share | ||
|---|---|---|---|
| Interim | Fiscal year-end | Total | |
| Fiscal 2022 ended December 31, 2022 | 20.00 | 25.00 | 45.00 |
| Fiscal 2021 ended December 31, 2021 | 10.00 | 10.00 | 20.00 |
| Fiscal 2020 ended December 31, 2020 | — | — | — |
| Fiscal 2019 ended December 31, 2019 | 35.00 | 35.00 | 70.00 |
| Transitional fiscal period ended December 31, 2018 | 35.00 | 35.00 | 70.00 |
| Fiscal 2018 ended March 31, 2018 * | 5.00 | 35.00 | — |
| Fiscal 2017 ended March 31, 2017 | 5.00 | 5.00 | 10.00 |
| Fiscal 2016 ended March 31, 2016 | 4.00 | 5.00 | 9.00 |
| Fiscal 2015 ended March 31, 2015 | 4.00 | 4.00 | 8.00 |
| Fiscal 2014 ended March 31, 2014 | 3.00 | 4.00 | 7.00 |