Distribution of Profits

Distribution of Profits Policy
Work to maximize shareholders’ profit and corporate value by prioritizing growth
investments that are essential for the future expansion of the business scale.

The Company adopts a comprehensive approach to shareholder returns, rewarding shareholders in a variety of ways, including raising the Company’s share price by improving its corporate value and paying dividends. Decisions on dividends and other shareholder returns consider capital efficiency, including profit and reserves, while also taking future business plans into account. Based on a comprehensive evaluation of our business results, progress of growth investments, our forecasts of future earnings and management conditions and other factors, we have raised our dividend forecast for the fiscal year ending March 31, 2020 by 10 yen and plan to pay a year-end dividend of 30 yen per share, in line with the revision to our year-end forecast announced on November 11, 2019.

The Company conducted the consolidation of shares at a rate of one share for every 20 common shares with October 1, 2019 as the effective date. The year-end dividend per share for the fiscal year ending March 31, 2020 (forecast) is the amount after the consolidation of shares.
Treasury shares
FY2019
Treasury shares *
747,124 shaers
*The Company conducted the consolidation of shares at a rate of one share for every 20 common shares with October 1, 2019 as the effective date.The number of treasury shares is the amount after the consolidation of shares.