Dividend / Benefit Plan

Dividends per common stock

Dividend Policy

In principle, shareholder returns through dividends based on net earnings. Stable shareholder returns while maintaining financial strength. Maintaining dividend payments on a quarterly basis.

FY2023 Fourth Quarter Dividend (No Dividend) Announcement

The Bank announced that its Board of Directors resolved to not pay a dividend from retained earnings for the fourth quarter of FY2023 (record date: March 31, 2024) as described below.

Reason for No Dividend Decision

We previously communicated a no dividend forecast for the fourth quarter in our news releases dated February 1, 2024: “Aozora Announces No Dividend to be Paid for the Third Quarter” and “Revision to FY2023 Full-Year Earnings and Dividend Forecast.” In the fourth quarter, we proceeded with the timely disposal of securities and also reversed a portion of deferred tax assets. As a result, profit attributable to owners of parent was a net loss of 49.9 billion yen in FY2023.
Following this result, we have regrettably decided to not pay a dividend for the fourth quarter in line with the forecast we announced on February 1.
We deeply regret that we were not able to meet the expectations of our shareholders. We aim to achieve steady business growth in FY2024 and beyond so that we can satisfy their expectations.

As of May 13, 2024
(yen)

1Q dividend

2Q dividend

3Q dividend

4Q dividend

Full-year

FY2020

30

30

30

34

124

FY2021

32

32

40

45

149

FY2022

38

38

38

40

154

FY2023

38

38

0

0

76

FY2024

To be
Determined

To be
Determined

To be
Determined

To be
Determined

76
(Forecast)

Per share data (Consolidated base)

(yen)

FY2019

FY2020

FY2021

FY2022

FY2023

Dividend per share

156

124

149

154

76

Net income per common share

241.18

248.27

299.81

74.67

-427.22

Net assets per common share

3,659.84

4,233.53

4,222.79

3,751.95

3,285.94

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