Dividends Information
Dividend policy
The Company is fundamentally committed to raising corporate value over the medium to long term, consistently and continuously returning profits to shareholders, and distributing surplus funds twice a year, as interim dividends and year-end dividends. The Company aims to distribute dividends with a minimum consolidated payout ratio of 30%. The Company has been steadily increased dividends every year since the 151st fiscal year (fiscal year ended March 31, 2019) and will continue to aim for progressive dividends. The Board of Directors is the decision-making body for interim dividends, and the General Meeting of Shareholders is the decision-making body for year-end dividends.
In addition, to respond flexibly to changes in the circumstances surrounding the Company, we will effectively utilize retained earnings as funds for strengthening our business foundation, such as developing and expanding logistics facilities and real estate facilities and developing information systems and allocate them for debt repayment. By doing so, we will strive to stabilize medium- to long-term business performance and increase corporate value, and thereby meet the expectations of our shareholders.
Regarding the dividends of surplus in the new Medium-term Management Plan covering the 3 years from FY2025 to FY2027, the Company intends to pay dividends based on a consolidated total return ratio of 45%, in addition to the above.
Dividend payments and payout ratio
Record dates
Interim dividend payment: September 30
Year-end dividend payment: March 31