Aiming to become a “sustainable growth company with strategic investment,” our basic policy is to expand growth investment while paying attention to capital efficiency and returning profits to shareholders.
Specifically, we will pay dividends with a consolidated dividend payout ratio of 40% or more every fiscal year, and will flexibly acquire and amortize treasury stock with the goal of a total return ratio of 50%. With the aim of providing stable returns to shareholders, we have set the minimum total return amount at 500 million yen.
Regarding the fiscal year ending March 2024, on December 14, 2023, we will revise the consolidated full-year performance forecast and dividend forecast based on the expected recording of gain on sale of fixed assets due to transfer of fixed assets.
| 2019/03 | 2020/03 | 2021/03 | 2022/03 | 2023/03 | 2024/03 （Expected） |
||
|---|---|---|---|---|---|---|---|
| Dividend Per Share(yen) | 1Q | - | - | - | - | - | - |
| 2Q | - | - | - | - | 17.50 | 20.00 | |
| 3Q | - | - | - | - | - | - | |
| FY-End | 20.00 | 20.00 | 15.00 | 32.50 | 25.00 | 40.00 | |
| Total | 20.00 | 20.00 | 15.00 | 32.50 | 42.50 | 60.00 | |
| Amount of Dividends(million yen) | 361 | 361 | 270 | 581 | 758 | - | |
| Payout Ratio(%) | 32.0 | 29.1 | 27.0 | 45.1 | 47.9 | 22.0 | |
| Ratio of Total Amount of Dividends to Net Assets(%) | 2.3 | 2.2 | 1.6 | 3.2 | 4.0 | - | |
Note: On October 1, 2023, the Company carried out a 4-for-1 share split of its common stock. The dividend amount per share is the amount assuming that the stock split was carried out at the beginning of the fiscal year ended March 31, 2019.
