Dividend / Benefit Plan

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.

Reason for No Dividend

In setting the FY2023 full-year dividend forecast, we had planned to provide a stable dividend based on the steady growth of our customer-related business and maintaining a sufficient capital adequacy ratio. However, while the customer-related business have been growing as anticipated, the consolidated capital adequacy ratio (domestic standards) and the CET1 ratio as of March 31, 2024 are expected to be approximately 8.8% and 6.6% respectively, temporarily falling below our target levels of 9% and 7%, respectively.
In order to retain capital for growth as well as to enhance our overall financial strength in the next fiscal year and beyond, we have decided to not pay a dividend for the third quarter and we are also now forecasting no dividend for the fourth quarter. As a result, the full-year dividend forecast for FY2023 has been revised downward to 76 yen per share.
We regret that we were not able to meet the expectations of our shareholders due to a failure to reach the initial dividend forecast. We would appreciate your understanding that this is a necessary step toward our steady business growth and stable dividend in the next fiscal year and beyond and kindly ask for your continued support.

Per share data (Consolidated base)

（Last update: December 15, 2022）