Dividend Information

Dividend policy

Recognizing the distribution of profit to shareholders as one of its important management objectives, the Group has upheld a stable basic policy of declaring dividend payments on common shares based on sustainable business results. To that end, dividend payments by the Group will be determined in view of the enhancement of its financial status and accumulation of the appropriate level of retained earnings for future business growth.

Considering factors such as the Group’s current financial position and its level of profitability, the Board of Directors has regrettably decided not to declare dividends for common shares for the fiscal year to 31 March 2021. The Group has forecast that no dividend will be paid for the fiscal year to 31 March 2022.

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 20 30 0 0
Earnings per share (Note(1)) ¥ 62.04 48.27 115.16 -236.0 -208.0
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.