Dividend and Share Repurchase

Basic policy

Our basic policy on profit distribution to shareholders is to make stable distributions based on consideration of our consolidated performance, while seeking to increase our enterprise value through active investment aimed at higher profitability and to increase net income per share.

Dividend information

Our basic policy is to distribute earnings twice a year in the form of interim and year-end dividends and the Board of Directors is the decision-making body for distribution of earnings.
For the fiscal year ending March 2020, we plan to pay a special dividend commemorating the 70th anniversary of our founding. The annual dividend per share will be 80.00 yen, and the interim and year-end dividends per share will be 40.00 yen. (Ordinary dividend 36.00 yen, special anniversary dividend 4.00 yen).

Fixed Date of Dividend Payout and Starting Date of Payout

Interim dividendYear-end Dividend
Record date September 30 March 31
Payable date December June

Cash Dividends per Share (yen)

Share Repurchase

Repurchase period Method of acquisitionTotal number of shares repurchasedTotal amount
From February 3, 2020
through March 26, 2020
Market purchase
969,500 shares2,743,744,700 yen
From May 16, 2019
through December 31, 2019
Market purchase
1,828,000 shares 4,999,832,200 yen
From May 21, 2018
through December 31, 2018
Market purchase
2,200,000 shares 6,918,217,200 yen
From May 15, 2017
through December 31, 2017
Market purchase 1,240,700 shares 3,998,101,500 yen
From February 1, 2017
through February 28, 2017
Market purchase
1,400,000 shares* 1,974,036,000 yen
From June 2, 2016
through September 30,2016
Market purchase through
trust method
2,300,000 shares* 2,544,376,000 yen

*The Company conducted a share consolidation of its common stock pursuant to which two shares were consolidated into one share effective as of October 1, 2017. However, this effect has not been taken into account.