Investor Relations
Dividends
The Company makes it a basic policy to distribute profits according to its business results, while maintaining its financial strength by securing sufficient internal reserves to carry out sound business operations.
Dividends (Forecast)
For the fiscal year ending March 31, 2024, on the basis of performance trends for the six months ended September 30, 2023 and our policy of targeting a consolidated dividend payout ratio of approximately 50%, the Company has resolved to pay ¥15 per share as an interim dividend.
Due to difficulties estimating at this stage the consolidated results forecast for the full year, the year-end dividend has not yet been determined. However, dividends for the fiscal year ending March 31, 2024 will be determined with a target consolidated dividend payout ratio of approximately 50%, while we comprehensively take into account the dividend sources of IR Japan Holdings, Ltd. as well as the necessity of maintaining the stable equity ratio of IR Japan, Inc. (hereinafter, “IRJ”), the Company’s subsidiary, as IRJ is a Type I Financial Instruments Business Operator.
| FY2023 Forecast (Announced on October 31, 2023) | |
|---|---|
| Interim | ¥15 |
| Year-end | NYD |
| Annual | NYD |
Trend in Dividends per Share
| FY2021 | FY2022 | |
|---|---|---|
| Annual | ¥113 | ¥113 |
| Interim | ¥45 | ¥45 |
| Year-end | ¥68 | ¥68 |
| Dividend payout ratio | 82.4% | 298.7% |