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Dividend Policy

Dividend Policy

We recognize that returning profits to our shareholders is a key management issue, and will flexibly implement the policy outlined below regarding the appropriate distribution of profits.

With regard to the dividends of surplus, we will consider our consolidated earnings performance, the need to fortify our financial position, the Group’s forward-looking business strategy, and other factors while at the same time endeavoring to maintain a dividend payout ratio of around 15% of profit attributable to owners of parent and provide a return of profit within the limit of the distributable amount of the Company. Furthermore, taking into consideration the importance of continuity and stability of dividend payments, we have established a general principle to provide a minimum annual dividend of ¥2 per share to follow a basic practice of providing an appropriate level of profit distribution in accordance with the business growth. In addition, we will endeavor to utilize our internal reserves for investments in training personnel, optimizing and reinvigorating our existing businesses, and capturing new business areas that have the potential for high growth and profitability.

Trend of Actual Dividend

FY2015 FY2016 FY2017 FY2018 FY2019
Annual dividend per share
(After adjustment of stock split)※
2.8円 3.2円 3.2円 2.0円 2.0円
Payout ratio (consolidated) 15.1% 16.5% 18.4% 29.8% -
  • ※The dividend until the year ended September 2015 is the amount calculated using J-GAAP, and from the year ended September 2016,using IFRS.
  • ※A 1-for-5 stock split was implemented on October 1, 2016. For dividends per share in previous years in the above graph, comparisons are made through the calculation of adjustments for the splits