We believe that continuing and developing our business together with our clients will lead to our long-term distribution of profits to our shareholders.
From this perspective, we have established the following basic policies regarding our dividends:
- To achieve stable dividend payment, we adopt DOE (Dividend on Equity) based on the parent company owner's equity (excluding other comprehensive income) as benchmark, setting the target level at 7%.
- We anticipate to apply Progressive Dividend*1 for the coming several years.
- Amount of cash and deposits on hand will be maintained at about the level of one month's sales, and surplus funds will be dynamically considered and implemented for additional shareholder returns, while also taking into account "investment for growth" and "financial soundness".
(Note) *1 : Progressive Dividend is a dividend policy that, in principle, do not reduce dividend amount but either maintain or increase.
Furthermore, we have stipulated in our Articles of Incorporation that interim dividend can be paid by resolution of the Board of Directors, with September 30th as the record date for every year.