Returning Shareholders and Dividend Policy
Dividend Policy
The Company regards the distribution of profits to shareholders, in the form of dividend payments, as a matter of the highest priority. Management has targeted a payout ratio of about 40% (consolidated basis). The Company's fundamental policy is one of stable, long-term distribution of dividends to shareholders in line with the growth of operations.
In addition, the Company has not introduced a shareholder benefit plan.
Dividend Information
| 15/2 | 16/2 | 17/2 | 18/2 | 19/2 | 20/2 | 21/2 (est.) | |
|---|---|---|---|---|---|---|---|
| Full-year dividend per share(yen) | 106.00 | 110.00 | 112.00 | 112.00 | 144.00 | 40.00 | － |
| Interim dividend per share(yen) | 53.00 | 55.00 | 56.00 | 56.00 | 63.50 | 20.00 | － |
The Company conducted a 4-for-1 share split of its common shares on March 1, 2019. For the fiscal period ending February 28, 2020, the dividend after the stock split is stated.
Share Repurchase
| Repurchase period | Method of acquisition | Total number of shares repurchased | Total amount* |
|---|---|---|---|
| February 23, 2018 | Over the counter | 135,357 shares | 1.1 billion yen |
| From May 22, 2006 to August 7, 2006 | Purchase on the TSE | 5,000,000 shares | 16.4 billion yen |
Amounts less than 100 million JPY are rounded off.