Shareholder returns

As a means of returning shareholder’s profits commensurate with earnings, we aim to raise consolidated dividend payout ratio to around 40% in or around FY22. We may repurchase its own shares flexibly by considering the balance with investment in profit growth opportunities for its mid- to long-term perspective, and the effect of the repurchase on the improvement of capital efficiency, given securing adequate capital level.

Dividend forecast (dividend per share of common equity)

Based on the shareholder returns policy described above and on the assumption of FY2021 net income attributable to owners of the parent of ¥155.0 billion, our per-share dividend forecast for FY2021 is ¥160, increased by \10 from FY2020, equivalent to consolidated dividend payout ratio of 38.7%.

Interim dividends (Actual) Fiscal year-end dividends Annual dividends Consolidated dividend payout ratio*1 Total payout ratio*2
FY2021 (Forecast) ¥80 ¥80 ¥160 38.70%
FY2020 (Actual) ¥75 ¥75 ¥150 40.20%
FY2019 (Actual) ¥75 ¥75 ¥150 34.50% 44.30%
  • *1Consolidated dividend payout ratio=(total amount of dividends on common stock/net income attributable to owners of the parent)×100
  • *2Total payout ratio=((total amount of dividends on common stock+total amount of repurchase of own shares in the relevant fiscal year)/net income attributable to owners of the parent)×100
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