Basic Profit Sharing Policy

Fair distribution of dividends to shareholders is one of our most important priorities. Our basic policy is to pay dividends which reflect greater than before the Company's performance. At the same time, we plan to continue stable, long-term distribution of dividends in a manner that closely reflects earnings growth, while also heeding indicators, and retaining sufficient earnings to provide for the structural enhancements to strengthen the corporate value with concern for the future management environment and long-term business development.

Specifically, our dividend distribution policy to capital invested is based on the principle of DOE or Dividend on Equity, which ensures that profit is distributed to shareholders in a stable and reliable manner. We feel that DOE is the most effective and direct means of maintaining the dividend rate at 3.0%, and we will strive to make every effort to maintain this rate in the long term.

2017/03 2018/03 2019/03 2020/03 2021/03 2022/03
Dividend Per Share(yen) 1Q ------
2Q 20.0020.0020.0020.0020.0020.00
3Q ------
FY-End 40.0046.0057.0057.0057.0057.00
Total 60.0066.0077.0077.0077.0077.00
Amount of Dividends(million yen) 1,9092,1002,4502,4502,450-
Payout Ratio(%) 25.225.914.729.333.740.0
Ratio of Total Amount of Dividends to Net Assets(%)