Returns/Dividends to Stockholders

Basic Policy on Profit Distribution

The return of profits to our shareholders is one of our highest management priorities. The Tsubaki Group’s basic profit allocation policy calls for consolidated results to be reflected in dividend payments in terms of emphasizing our shareholders. Funding status and financial standing will also be comprehensively considered as we aim to raise Tsubaki’s consolidated dividend payout ratio to 30%.

Meanwhile, we use retained cash to strengthen our financial position and for future business development.

We plan a full-year dividend for FY 2021 of 110 yen per share based on forecast consolidated results and the above dividend ratio policy.
(Interim dividend: 50 yen per share; Year-end dividend: 60 yen per share)

Dividends and Dividend Payout Ratio (Consolidated) Trends

*1: We consolidated common shares at a ratio of 5 to 1 on October 1, 2018.
We paid an interim dividend of 12 yen per share for shares prior to the consolidation. Converted to 60 yen per share after the consolidation, the annual dividend for FY 2018 was 120 yen per share.