Dividend / Benefit Plan

Dividends per common stock

FY2018 Year-end Dividend Payment Announcement

The Bank’s Board of Directors approved dividend payments from retained earnings for the Year-end of FY2018, to shareholders registered on the Shareholder Registry as of March 31, 2019, as follows.

1. Dividend per common share
34 yen
2. Effective date (payment date)
June 26, 2019

Dividend Policy

Management’s intent is to a maintain relatively stable cash dividend with a target dividend payout ratio of 50%. Aozora will continue with its practice of paying dividends on a quarterly basis.

Dividends per common stock and dividend payout ratio

Dividends per common stock and dividend payout ratio

*The Bank consolidated every ten common shares into one common share on October 1, 2017. Figures in “FY2017” of the above bar graph are presented as if the share consolidation was effective at the beginning of FY2017.

As of June 16, 2019

(yen)

  1st quarterly
dividend
per share
2nd quarterly
dividend
per share
3rd quarterly
dividend
per share
Year-end
dividend per share
Total
FY2015 4.00 4.00 5.00 5.60 18.60
FY2016 4.00 4.00 5.00 5.70 18.70
FY2017 (*1)40 (*1)40 50 54 (*1)184
FY2018 40 40 40 34 154
FY2019 To be
Determined
To be
Determined
To be
Determined
To be
Determined
(*2)156
(Forecast)

(*1)The Bank consolidated every ten common shares into one common share on October 1, 2017. Figures in “FY2017” of the above bar graph are presented as if the share consolidation was effective at the beginning of FY2017.

(*2)The full-year dividend forecast per common share for FY2019 is based on the total dividend amount, which is 50% of the consolidated earnings forecast for the full year divided by the total number of common shares issued, excluding treasury stock, as of March 31, 2019. While the dividend forecast is only disclosed on a full-year basis, the Bank intends to continue paying dividends on a quarterly basis.

Per share data (Consolidated base)

(yen)

  Fiscal year
ended March
2015
Fiscal year
ended March
2016
Fiscal year
ended March
2017
Fiscal year
ended March
2018
Fiscal year
ended March
2019
Dividend per share Common Stock 14.90 18.60 18.70 184* 154
The 4th Preferred Stock 8.00 - - - -
The 5th Preferred Stock 5.952 - - - -
Net income per common share 36.19 37.29 37.59 369.16 309.67
Net assets per common share 336.83 346.83 358.61 3,735.00 3,844.08
Dividend payout ratio (%) 40.0 50.0 50.0 50.0 50.0

*The Bank consolidated every ten common shares into one common share on October 1, 2017. The dividend per share in the above “Fiscal year ended March 2018” is presented as if the share consolidation was effective at the beginning of FY2017.

   Note: From FY2015 onwards, consolidated net income represents ‘profit attributable to owners of parent’ in accordance with the Revised Accounting Standard for Business Combinations and related standards and implementation guidance.

Special Benefit Plan for Shareholders

Eligible shareholders Shareholders of record holding at least 1 tangen unit (minimum trading unit) as of the record dates below.
Record dates March 31, June 30, September 30, December 31 (4 times per year).
Eligible products Following financial products available at Aozora Bank:
  • Yen time deposit (for 3 months or longer)
  • Investment trust (publicly-offered investment trusts)
  • Financial intermediary product (including structured bonds)
Benefits & conditions Shareholders who purchase the products below at Aozora Bank will receive gift certificates.
(Please submit a relevant benefit certificate to Aozora Bank by the date of transaction. A gift certificate will be given afterwards.)

Yen time deposit
  • A 3,000 yen gift certificate with each new deposit of 5 million yen or more made to a yen time deposit account (term: at least 3 months)
Investment trust
  • A 2,000 yen gift certificate with each purchase of a publicly-offered investment trust of 1 million yen or more
Financial intermediary product
  • A 2,000 yen gift certificate with each purchase of any financial intermediary product (including structured bonds) in an amount of 1 million yen or more

Shareholder benefit certificates may be used to purchase either investment trusts or financial intermediary products.

Shareholder benefit certificates are not eligible for some products.
For detailed terms and conditions, please refer to the “Guidelines on Special Benefit Services for Shareholders (December 2017)” below.
Procedures New customers are requested to open an account for applicable products.
Shareholder benefit certificates may not be used in any transaction via the Internet branch.
Opening a bank account

At Aozora Bank branches:
Yen time deposits, investment trusts and financial intermediary products are available as eligible products.
Please present a shareholder benefit certificate at any Aozora Bank branch and follow necessary procedures.
Aozora branches

Via telephone banking:
Yen time deposits and investment trusts are available as eligible products.
How to purchase investment trusts using shareholder benefit certificates via telephone banking (PDF:558KB) (Japanese only)
Eligibility period One year (Expired benefit certificates are ineligible. Please confirm the period of validity printed on benefit certificates.)
Inquiries Aozora Home Call: 0120-250-399 (Japanese only)
[Operating hours] Weekdays: 9:00-21:00
        Weekends, Holidays: 9:00-18:00
         (excluding January 1 – January 3)

Please refer to the “Guidelines on Special Benefit Services for Shareholders” for terms and conditions of Special Benefit Services for Shareholders (Japanese only).
For corporate shareholders who wish to use shareholder benefit certificates, please contact Aozora Home Call in advance (Japanese only).

[Guidelines on Special Benefit Services for Shareholders]
Latest
“Guidelines on Special Benefit Services for Shareholders” (June 2019) (PDF:1,536KB)

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