Expected Cash Dividends

As of May 12, 2021

Unit: Yen
Interim Year-end Annual total
FY2021 (Forecast) 12 (Forecast) 12 (Forecast) 24 (Forecast)
FY2020 12 12 24
FY2019 20 12 32
FY2018 20 20 40
FY2017 15 17 32

Dividend Policy

The basic policy of the Company for shareholder returns is to enhance its shareholder value by increasing corporate value. The Company works to pay stable dividends and maintain the consolidated dividend payout ratio at 30% of the medium-term profit level while keeping an eye to increasing retained earnings that will fund its future business activities.