Investors

Return to Shareholders and Dividends

Fundamental Corporate Policy for Distributing Profits

The Company regards the enhancement of corporate value as a principal management issue, and its fundamental policy is to pay dividends at an appropriate level that corresponds with profits.

Year Ended
March 31,
2015
Year Ended
March 31,
2016
Year Ended
March 31,
2017
Year Ended
March 31,
2018
Year Ended
March 31,
2019
Payout ratio (consolidated) 66.0% 1,398.1% - - -

Common Stock, Shares Outstanding and Dividends

Date Common stock
(thousands of yen)
Total authorized shares Total outstanding shares Event Offering / Stock splits Dividend per share (yen)
Mar. 31, 2019 7,948,036 138,800,000 34,700,000 Year end dividend   10.00
Mar. 31, 2018 7,948,036 138,800,000 34,700,000 Year end dividend   5.00
Sep. 30, 2017 7,948,036 138,800,000 34,700,000 Interim dividend   25.00
Mar. 31, 2017 7,948,036 138,800,000 34,700,000 Year end dividend   25.00
Sep. 30, 2016 7,948,036 138,800,000 34,700,000 Interim dividend   25.00
Mar. 31, 2016 7,948,036 138,800,000 34,700,000 Year end dividend   25.00
Sep. 30, 2015 7,948,036 138,800,000 34,700,000 Interim dividend   25.00
Mar. 31, 2015 7,948,036 138,800,000 34,700,000 Commemorative dividend for listing on first section of the Tokyo Stock Exchange: 10.00 yen
Year end dividend: 25.00 yen
  35.00
Sep. 30, 2014 7,948,036 138,800,000 34,700,000 Interim dividend   25.00
Mar. 31, 2014 7,948,036 138,800,000 34,700,000 Year end dividend   25.00
Sep. 30, 2013 7,948,036 138,800,000 34,700,000 Interim dividend   25.00
Mar. 31, 2013 7,948,036 138,800,000 34,700,000 Year end dividend   25.00
Oct. 1, 2012 7,948,036 138,800,000 34,700,000 Stock splits 1:100  
Sep. 30, 2012 7,948,036 1,388,000 347,000 Interim dividend   2,500.00
Mar. 31, 2012 7,948,036 1,388,000 347,000 Year end dividend   2,500.00
Sep. 30, 2011 7,948,036 1,388,000 347,000 Interim dividend   2,500.00
Mar. 31, 2011 7,948,036 1,388,000 347,000 Year end dividend   2,500.00
Sep. 30, 2010 7,948,036 1,388,000 347,000 Interim dividend   2,500.00
Mar. 31, 2010 7,948,036 1,388,000 347,000 Year end dividend   2,500.00
Sep. 30, 2009 7,948,036 1,388,000 347,000 Interim dividend   2,000.00
Mar. 31, 2009 7,948,036 1,388,000 347,000 Year end dividend   2,500.00
Sep. 30, 2008 7,948,036 1,388,000 347,000 Interim dividend   2,000.00
Mar. 31, 2008 7,948,036 1,388,000 347,000 Commemorative dividend for 20 years anniversary: 500.00 yen
Year end dividend: 2,000.00yen
  2,500.00
Sep. 30, 2007 7,948,036 1,388,000 347,000 Interim dividend   2,000.00
Mar. 31, 2007 7,948,036 1,388,000 347,000 Year end dividend   2,000.00
Sep. 30, 2006 7,948,036 1,388,000 347,000 Interim dividend   2,000.00
Mar. 31, 2006 7,948,036 1,388,000 347,000 Year end dividend   2,000.00
Sep. 30, 2005 7,948,036 1,388,000 347,000 Interim dividend   2,000.00
Jun. 29, 2005 7,948,036 1,388,000 347,000 Amendment of the articles of incorporation    
Mar. 31, 2005 7,948,036 586,000 347,000 Year end dividend   2,000.00
Sep. 30, 2004 7,948,036 586,000 347,000 Interim dividend   2,000.00
Sep. 3, 2004 7,948,036 586,000 347,000 Stock splits 1:2  
Jun. 15, 2004 7,948,036 586,000 173,500 Public offering 12,000 shares  
Mar. 31, 2004 1,295,500 586,000 161,500 Year end dividend   4,000.00
Nov. 20, 2003 1,295,500 586,000 161,500 Stock splits 1:5  
Sep. 30, 2003 1,295,500 117,200 32,300 Commemorative dividend for listing: 10,000.00 yen
Interim dividend: 10,000.00 yen
  20,000.00
Mar. 31, 2003 1,295,500 117,200 32,300 Year end dividend   10,000.00
Mar. 19, 2003 1,295,500 117,200 32,300 Public offering 3,000 shares  
Oct. 10, 2002 530,500 117,200 29,300 Stock splits 1:10  
Mar. 31, 2002 530,500 11,720 2,930 Year end dividend   100,000.00
Mar. 30, 2002 530,500 11,720 2,930 Third-party allocation of shares 380 shares  

*The company conducted a 100-for-1 stock split on October 1, 2012.

Shareholder Benefit Scheme

At present, the company does not offer a shareholder benefits scheme.
However, introduction of a shareholder benefit scheme is being seriously considered.


Treasury Stock

(Unit: Shares)

Fiscal year ended Shares outstanding Number of treasury stock bought Number of treasury stock held Number of treasury stock canceled
March 31, 2019 34,700,000 1,516,300
March 31, 2018 34,700,000 1,516,300
March 31, 2017 34,700,000 100 1,516,300
March 31, 2016 34,700,000 - 1,516,200
March 31, 2015 34,700,000 - 1,516,200
March 31, 2014 34,700,000 - 1,516,200
March 31, 2013 34,700,000* - 1,516,200*
March 31, 2012 347,000 277 15,162
March 31, 2011 347,000 14,885
March 31, 2010 347,000 4,242 14,885
March 31, 2009 347,000 10,643 10,643
March 31, 2008 347,000
March 31, 2007 347,000

*The company conducted a 100-for-1 stock split on October 1,2012.