The Company regards the distribution of profits to shareholders, in the form of dividend payments, as a matter of the highest priority. Management has targeted a payout ratio of about 40% (consolidated basis). The Company's fundamental policy is one of stable, long-term distribution of dividends to shareholders in line with the growth of operations.
In addition, the Company has not introduced a shareholder benefit plan.
|Full-year dividend per share(yen)||106.00||110.00||112.00||112.00||144.00||40.00|
|Interim dividend per share(yen)||53.00||55.00||56.00||56.00||63.50||20.00|
*The Company conducted a 4-for-1 share split of its common shares on March 1, 2019. The dividends per share stated above for the fiscal year ended February 28, 2019 reflect the number of shares existing before the share split. Note that the dividends per share (est.) of the fiscal year ending February 29, 2020 reflect the number of shares existing after the share split.
|Repurchase period||Method of acquisition||Total number of shares repurchased||Total amount*|
|February 23, 2018||Over the counter||135,357 shares||1.1 billion yen|
|From May 22, 2006 to August 7, 2006||Purchase on the TSE||5,000,000 shares||16.4 billion yen|
*Amounts less than 100 million JPY are rounded off.