Dividend Policy

Changes in Dividends

  Year ended March 31, 2016 Year ended March 31, 2017 Year ended March 31, 2018 Year ended March 31, 2019 Year ended March 31, 2020 Year ended March 31, 2021(forecast)
Amount of annual Dividends Per Share 24.00yen 26.00yen 26.50yen 1.50yen 12.50yen 6.25yen
Dividend Payout Ratio 19.9% 20.1% 24.7% 24.1% 20.6% 27.3%

※ With the record date of March 31, 2020, we divided the common stock into two shares.

Changes in dividends