The company takes a medium and long term view for business development, using retained earnings to strengthen our corporate structure, while at the same time continuing to pay a stable dividend, and return profits to shareholders when they arise as our basic policy on profit distribution. We focus on payout ratio of over 20%.
| Interim | Year end | Annual | Dividend payout ratio | |
|---|---|---|---|---|
| FY2020 | 22 | 28 | 50 | 20.8 |
| FY2019 | 21 | 22 | 43 | 22.2 |
| FY2018 | 19 | 21 | 40 | 19.6 |
| FY2017 | 18 | 18 | 36 | 19.2 |
| FY2016 | 17 | 17 | 34 | 20.3 |
| FY2015 | 15 | 15 | 30 | 23.9 |
| FY2014 | 14 | 14 | 28 | 23.6 |
| FY2013 | 13 | 13 | 26 | 53.4 |
| FY2012 | 13 | 12 | 25 | 25.0 |
| FY2011 | 12 | 12 | 24 | 21.3 |
| FY2010 | 12 (including 2 yen of memorial dividend) |
10 | 22 | 36.1 |
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