Dividend
One of the priorities in the management of the Company is to return profits to our shareowners. Our basic policy to shareowner return is to maintain stable returns while maintaining sufficient internal reserves for sustainable growth and adapting to the changes in the business environment.
The Company’s basic system on dividends of surplus is to pay interim dividends with a record date of September 30 and year-end dividends with a record date of March 31 every year. Additionally, the Company’s articles of incorporation stipulates that it may pay extra dividends on dates of its choosing. The articles of incorporation also stipulates that matters prescribed in the items of Article 459, Paragraph 1 of the Companies Act may be determined by resolution of the Board of Directors, without a resolution of a shareholder's meeting, unless otherwise specified in laws and regulations.
According to the basic policy, the Company will work to continue increasing dividends steadily. The Company will effectively use its internal reserves to actively invest in expanding the foundation of the business and increase its financial strength, thereby achieving stable and continuous growth.
The following is the dividends paid by the Company since its listing in December 2019.
Per-share Dividend |
Payout Ratio |
|||
|
Interim |
Year-end |
Total |
|
FY2018 |
JPY 24.9 |
JPY 24.9 |
JPY 49.8 |
48.3% |
FY2019 |
JPY 24.9 |
JPY 24.9 |
JPY 49.8 |
71.3% |
FY2020 |
JPY 24.9 |
JPY 24.9 |
JPY 49.8 |
n.a. |
FY2021 |
JPY 10.0 |
JPY 10.0 |
JPY 20.0 |
n.a. |
FY2022 |
JPY 10.0 |
JPY 20.0 |
JPY 30.0 |
45.8% |
FY2023 |
JPY 25.0 |
JPY 25.0 |
JPY 50.0 |
29.1% |
FY2024 |
JPY 30.0 |
|
|
|
※Payout ratio of FY2020 and FY2021 was void because its bottom line incurred loss.
※As of October 1 of FY2024, the Company has conducted a 1:3 stock split.