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Dividend Policy

Together with making every effort to maintain a ratio of dividends to shareholder equity (DOE) of 3.0% based on the principle of always providing stable dividends to shareholders, we will continue striving in our mission to provide shareholders with even greater return by aiming for an increasingly higher level of dividend payout ratio.

Recent Dividend Payouts

Interim Year-end
¥120 per share ¥130 per share (Plan)
¥185 per share
(Including commemorative dividend of ¥50
for the Company’s 100th anniversary)
¥135 per share

Trends in Annual Dividend Payout

FY Ending March Dividends  
2023 ¥240  
2022 ¥200  
2021 ¥160  
2020 ¥160  
2019 ¥160  
2018 ¥140  
2017 ¥130  
2016 ¥120  
2015 ¥100 Commemorative dividend of ¥10 for the Company’s 90th anniversary
2014 ¥50  

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