Shareholder's Returns

Basic Policy

Distributable income will be applied to the improvement of customer services and to the achievement of a sustainable society, and also distributed to shareholders in a timely and appropriate manner.
Acquisition of treasury stock for retirement will be considered as one way of providing shareholder return in addition to dividends, and targets for total return ratio (ratio of dividends on current consolidated net income and acquisition of own shares) will be approximately 50% in each fiscal year up through FY 2022.
With regard to dividends, we will continue to provide stable dividends and will gradually increase dividends in accordance with growth while comprehensively taking into consideration the profit level over the medium- to long-term.

The results for fiscal 2020 were returned to shareholders as follows.

  • Continuation of annual dividend of ¥60 per share (total dividends ¥26.4 billion)
  • Treasury stock purchases presuming retirement of a maximum of ¥3.3 billion / 1.7 million shares (0.4%)

Total Return ratio: 60.1% = 26.4 billion yen: dividend in FY2020 + 3.3 billion yen: Stock repurchases in FY2021 / 49.5 billion yen: Net income in FY2020

Dividend Trend

Dividend Trend

* As of October 1, 2017, the company carried out a share consolidation at a ratio of 5 common shares to 1.

Treasury shares

FY2021 ended March 2022

Period Number of treasury shares Acquisition costs
2021/5/10 - 5/18 1,440 thousands shares 3.2 billion yen

Release

FY2019 ended March 2020

Period Number of treasury shares Acquisition costs
2019/5/10 - 7/12 8,920 thousands shares 23.9 billion yen

Release

FY2018 ended March 2019

Period Number of treasury shares Acquisition costs
2018/5/8 - 6/15 6,718 thousands shares 19.9 billion yen

Release

FY2017 ended March 2018

Period Number of treasury shares Acquisition costs
2017/5/9 - 5/23 12,490 thousands shares 6.9 billion yen

Release

FY2016 ended March 2017

Period Number of treasury shares Acquisition costs
2016/5/10 - 7/1 93,922 thousands shares 40.9 billion yen

Release

FY2015 ended March 2016

Period Number of treasury shares Acquisition costs
2015/5/8 - 7/14 50,000 thousands shares 33.8 billion yen

Release

FY2014 ended March 2015

Period Number of treasury shares Acquisition costs
2014/5/7 - 6/12 70,773 thousands shares 40.0 billion yen

Release

FY2013 ended March 2014

Period Number of treasury shares Acquisition costs
2013/4/30 - 5/24 60,368 thousands shares 36.0 billion yen

Release

FY2012 ended March 2013

Period Number of treasury shares Acquisition costs
2012/5/2 - 5/15 12,796 thousands shares 4.9 billion yen

Release

FY2011 ended March 2012

Period Number of treasury shares Acquisition costs
2011/5/31 - 7/21 93,478 thousands shares 33.9 billion yen

Release

FY2010 ended March 2011

Period Number of treasury shares Acquisition costs
2010/4/16 - 4/21(*) 14,037 thousands shares 5.8 billion yen
2010/5/7 - 5/13 5,531 thousands shares 2.2 billion yen

*:Repurchase from opposing shareholders to the merger of 100%-owned subsidiary

Release

FY2009 ended March 2010

Period Number of treasury shares Acquisition costs
2009/11/30 - 12/9 13,810 thousands shares 5.0 billion yen

Release

FY2008 ended March 2009

Period Number of treasury shares Acquisition costs
2008/6/4 - 6/13 23,984 thousands shares 10.0 billion yen

Release

FY2007 ended March 2008

Period Number of treasury shares Acquisition costs
2007/7/30 - 8/20 37,581 thousands shares 20.3 billion yen
2007/4/27 - 5/23 31,000 thousands shares 18.7 billion yen

Release

FY2006 ended March 2007

Period Number of treasury shares Acquisition costs
2006/8/1 - 9/13 56,000 thousands shares 33.7 billion yen

Release

FY2005 ended March 2006

Period Number of treasury shares Acquisition costs
2005/8/10 - 8/18 6,935 thousands shares 2.9 billion yen
2005/8/2 41,786 thousands shares 17.1 billion yen

Release