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Shareholder Return

Dividend Policy and Dividends

Dividend policy

The 14th Medium-Term Management Plan, which began in April 2024, establishes as a target whichever is higher of the two amounts calculated based on a dividend ratio of 50% and a dividend on equity (DOE) ratio of 4.0%.
We award a total of two dividends each fiscal year, namely, an interim dividend and a year-end dividend. The former is determined by resolution of the Board of Directors, while the latter is determined by resolution of the Regular General Meeting of Shareholders.

Dividends

FY2019 FY2020 FY2021 FY2022 FY2023 FY2024
Annual dividend per share FY2019 31.00 yen FY2020 36.00 yen FY2021 36.00 yen FY2022 43.00 yen FY2023 48.00 yen FY2024 66.00 yen
(forcast)
Interim dividend per share FY2019 13.00 yen FY2020 18.00 yen FY2021 18.00 yen FY2022 19.00 yen FY2023 24.00 yen FY2024 28.00 yen
Consolidated dividend payout ratio FY2019 34.3% FY2020 38.8% FY2021 39.3% FY2022 35.8% FY2023 43.9% FY2024 -

Shareholder Benefits

Currently, it is not adopted.

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