Shareholders Return
Dividend policy
Distribution of profit to shareholders is an important management issue. However, in consideration of recent performance, we have regrettably decided not to pay dividends since the fiscal year ended March 2020.
We proposed the reduction of common stock at the Ordinary General Shareholders' Meeting held in June 2021 in order to facilitate the early resumption of dividend and the proposal was approved.
We aim to recover the business performance so that we can resume dividends payment at an early stage.
Dividend status
| Mid-term dividend (yen) |
Term-end dividend (yen) |
Annual dividend (yen) |
Payout ratio (%) | |
|---|---|---|---|---|
| FY March 2009 | 30 | － | 30 | 47.2 |
| FY March 2010 | － | － | － | － |
| FY March 2011 | － | － | － | － |
| FY March 2012 | － | － | － | － |
| FY March 2013 | － | － | － | － |
| FY March 2014 | － | － | － | － |
| FY March 2015 | － | － | － | － |
| FY March 2016 | － | 10 | 10 | 13.4 |
| FY March 2017 | 10 | 12 | 22 | 28.3 |
| FY March 2018 | 10 | 12 | 22 | 37.9 |
| FY March 2019 | － | － | － | － |
| FY March 2020 | － | － | － | － |
| FY March 2021 | － | － | － | － |
Stock repurchase
| Number of shares (thousand shares) |
Total amount (million yen) |
|
|---|---|---|
| FY March 2018 | 10,761 | 7,999 |
| FY March 2019 | 8,300 | 5,012 |
