Dividend Information

Dividend policy

The Group’s dividend policy is to secure dividend payments based on sustainable business results.

Once and after all Class A Shares have been redeemed and cancelled, while the Group maintains this basic policy in all respects, the Group will continue to use the sincere efforts to declare dividends with introduction of consolidated dividend payout ratio of 30% as a guide.

After considering the factors such as the current Group’s financial position and its level of profitability, the Board of Directors regrettably have decided not to declare a dividend for the year to 31 March 2020.

The Group recognizes the importance of dividends to its shareholders and anticipates resuming dividend payments when the financial performance of the Group allows.

Account Reporting Rule IFRS IFRS IFRS IFRS IFRS
Cash dividends Yen (Note(1)) ¥ 0 0 20 30 0
Earnings per share (Note(1)) ¥ -55.2 62.04 48.27 115.16 -236.0
Payout ratio % - - 41.4% 26.1% -

Note(1): Effective as from 1 October 2016, the Company conducted a share consolidation in which every ten common shares were consolidated into one share.