Shareholder Return

Dividend policy

Distribution of profit to shareholders is an important management issue. However, in consideration of recent performance, we have regrettably decided not to pay dividends since the fiscal year ended March 2020.
We proposed the reduction of common stock at the Ordinary General Shareholders' Meeting held in June 2021 in order to facilitate the early resumption of dividend and the proposal was approved.
In addition to strengthening capital by recording net income, the Company starts to consider from FY2022 to FY2024 implementing shareholder return such as payment of dividends and share buybacks.

Dividend status

Dividend per share(JPY)
Payout ratio(%)

Stock repurchase

(JPY million)

External Assessment

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