With regard to our Group’s basic policy of profit redistribution, the 2019 Five-Year Mid-Term Management Plan we established in 2019, set out our intention to maintain a consolidated dividend payout ratio of 50%, thus improving returns to all shareholders.
For FY03/2021, we paid an interim dividend of ¥12.5 per share. And the year-end dividend, after a comprehensive consideration of performance for the year ending March 2021, dividend forecast of ¥12.5 per share (published on May 14, 2020) increased by ¥3.5 to ¥16.0. As a result, we declared a total annual dividend of ¥28.5 (a consolidated dividend payout ratio of 50.2%).
For FY03/2022, we paid an interim dividend of ¥14.0 per share, year-end dividend is also projected to be ¥14.0 per share, meaning a prospective annual dividend of ¥28.0 per share (a consolidated payout ratio of 50.2%).
* On April 1, 2016 a common stock split of 2-for-1 came into effect.
* For dividends before March 2016, the recorded values are adjusted to reflect stock split above.