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.
In addition, the Company resolved not to pay an interim dividend with a record date of September 30, 2022; and a year-end dividend for the fiscal year ending March 31, 2023. The resolution was made on the assumption that the Company' shares are planned to be delisted through the completion of the settlement of the tender offer for the Company's shares and stock acquisition rights by HTSK Co., Ltd. and a series of procedures scheduled thereafter.
| Interim | Year end | Annual | Dividend payout ratio | |
|---|---|---|---|---|
| FY2021 | 28 | 28 | 56 | 34.7 |
| 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 |
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