Basic policy of shareholder returns
Capital Policy
- Basic Policy (After the change)
-
- While maintaining the sound financial base, we aim to improve the capital efficiency through growth investment and returns to shareholders.
- We will maintain stable dividends taking DOE (Dividend on Equity ratio) into account.
Dividends
| FY2019 | FY2020 | FY2021 | FY2022 (forecast) |
|
|---|---|---|---|---|
| Dividend per share (Yen) | ¥75 (Year-end ¥45) |
¥75 (Year-end ¥45) |
¥52 (Year-end ¥32) |
¥52 (Year-end ¥32) |
| Consolidated payout ratio (%) | 70.9% | 71.1% | 76.9% | 67.2% |
The year-end dividend of 32 yen in FY2021 was decided at the Board Meeting on May 20.
Trend of net income and dividends
| Net income (Billions of yen) |
Dividend per share(Yen) | Consolidated payout ratio (%) | |||
|---|---|---|---|---|---|
| Interim dividend |
Year-end dividend |
Annual dividend |
|||
| FY2021 | 3.9 | 20.00 | 32.00 | 52.00 | 76.9 |
| FY2020 | 6.1 | 30.00 | 45.00 | 75.00 | 71.1 |
| FY2019 | 6.1 | 30.00 | 45.00 | 75.00 | 70.9 |
| FY2018 | 6.9 | 30.00 | 45.00 | 75.00 | 72.6 |
| FY2017 | 6.6 | 20.00 | 38.00 | 58.00 | 65.9 |
| FY2016 | 7.3 | 20.00 | 38.00 | 58.00 | 59.3 |
| FY2015 | 13.6 | 20.00 | 38.00 | 58.00 | 31.8 |
| FY2014 | 12.1 | 20.00 | 32.00 | 52.00 | 32.2 |
| FY2013 | 12.0 | 10.00 | 42.00 | 52.00 | 32.3 |
| FY2012 | 12.4 | 10.00 | 40.00 | 50.00 | 30.1 |
