Dividend
Dividend policies
Historically, we've worked to deliver a greater return on shareholders’ investments by improving our performance and by adopting a stable annual dividend base of 20 yen and a target consolidated dividend payout ratio of 40%.
Since 2022, our policy has been to return profits to shareholders even more effectively by improving our performance and offering a consolidated dividend ratio of 40%, reflecting our assessment that a consolidated net asset dividend ratio (DOE) of at least 2% provides a basis for the stable return of profits to investors. Our basic policy is to pay interim and year-end dividends.
Dividends over time
| Month and year of payment | Ordinary dividend | Commemorative dividend | |
|---|---|---|---|
| Fiscal Year 2024 (73rd Term) | Feb. 2025 | (Profit dividend) 100 yen | － |
| Aug. 2024 | (Interim dividend) 100 yen | － | |
| Fiscal Year 2023 (72nd Term) | Feb. 2024 | (Profit dividend) 90 yen | － |
| Aug. 2023 | (Interim dividend) 90 yen | － | |
| Fiscal Year 2022 (71st Term) | Feb. 2023 | (Profit dividend) 80 yen | － |
| Aug. 2022 | (Interim dividend) 80 yen | － | |
| Fiscal Year 2021 (70th Term) | Feb. 2022 | (Profit dividend) 70 yen | 30 yen |
| Aug. 2021 | (Interim dividend) 65 yen | － | |
| Fiscal Year 2020 (69th Term) | Feb. 2021 | (Profit dividend) 40 yen | － |
| Aug. 2020 | (Interim dividend) 20 yen | － | |
| Fiscal Year 2019 (68th Term) | Feb. 2020 | (Profit dividend) 45 yen | － |
| Aug. 2019 | (Interim dividend) 45 yen | － | |
| Fiscal Year 2018 (67th Term) | Feb. 2019 | (Profit dividend) 50 yen | － |
| Aug. 2018 | (Interim dividend) 30 yen | － | |
| Fiscal Year 2017 (66th Term) | Feb. 2018 | (Profit dividend) 35 yen | － |
| Aug. 2017 | (Interim dividend) 25 yen | － | |
| Fiscal Year 2016 (65th Term) | Feb. 2017 | (Profit dividend) 20 yen | － |
| Aug. 2016 | (Interim dividend) 20 yen | － | |
| Fiscal Year 2015 (64th Term) | Feb. 2016 | (Profit dividend) 30 yen | － |
| Aug. 2015 | (Interim dividend) 15 yen | － | |
| Fiscal Year 2014 (63rd Term) | Feb. 2015 | (Profit dividend) 20 yen | － |
| Aug. 2014 | (Interim dividend) 10 yen | － | |
| Fiscal Year 2013 (62nd Term) | Feb. 2014 | (Profit dividend) 10 yen | － |
| Aug. 2013 | (Interim dividend) 10 yen | － | |
| Fiscal Year 2012 (61st Term) | Feb. 2013 | (Profit dividend) 10 yen | － |
| Aug. 2012 | (Interim dividend) 15 yen | － | |
| Fiscal Year 2011 (60th Term) | Feb. 2012 | (Profit dividend) 15 yen | 10 yen |
| Aug. 2011 | (Interim dividend) 15 yen | － | |
| Fiscal Year 2010 (59th Term) | Feb. 2011 | (Profit dividend) 20 yen | － |
| Aug. 2010 | (Interim dividend) 10 yen | － | |
| Fiscal Year 2009 (58th Term) | Mar. 2010 | (Profit dividend) 10 yen | － |
| Aug. 2009 | (Interim dividend) 10 yen | － | |
| Fiscal Year 2008 (57th Term) | Mar. 2009 | (Profit dividend) 20 yen | － |
| Aug. 2008 | (Interim dividend) 20 yen | － | |
| Fiscal Year 2007 (56th Term) | Mar. 2008 | (Profit dividend) 20 yen | － |
| Aug. 2007 | (Interim dividend) 20 yen | － | |
| Fiscal Year 2006 (55th Term) | Mar. 2007 | (Profit dividend) 20 yen | － |
| Aug. 2006 | (Interim dividend) 20 yen | － | |
| Fiscal Year 2005 (54th Term) | Mar 2006 | (Profit dividend) 20 yen | － |
| Aug. 2005 | (Interim dividend) 10 yen | － | |
| Fiscal Year 2004 (53rd Term) | Mar. 2005 | (Profit dividend) 20 yen | － |
| Aug. 2004 | (Interim dividend) 10 yen | － | |
| Fiscal Year 2003 (52nd Term) | Mar. 2004 | 15 yen | 5 yen |
| Fiscal Year 2002 (51st Term) | Mar. 2003 | 10 yen | － |
| Fiscal Year 2001 (50th Term) | Mar. 2002 | 10 yen | 2 yen |
| Fiscal Year 2000 (49th Term) | Mar. 2001 | 10 yen | 5 yen |
| Fiscal Year 1999 (48th Term) | Mar. 2000 | 10 yen | － |
| Fiscal Year 1998 (47th Term) | Mar. 1999 | 10 yen | － |
| Fiscal Year 1997 (46th Term) | Mar. 1998 | 10 yen | － |
| Fiscal Year 1996 (45th Term) | Mar. 1997 | 10 yen | － |
| Fiscal Year 1995 (44th Term) | Mar. 1996 | 10 yen | 2.5 yen |