Dividend Policy

We recognize that returning profits to our shareholders is one of our most important management issues, and our basic policy is to Operate dividends in a stable and continuous manner while retaining earnings in order to develop our business in the future and strengthen our management structure.
Retained earnings will be used to fund capital expenditures and developmental study to strengthen our R & D and manufacturing systems, and will be used effectively to strengthen our management base and further develop our business.
Our basic policy for dividends from retained earnings is to pay year-end dividends once a year.The decision-making body for dividends is the General Meeting of Shareholders.

Dividends (JPY)

	Dividend per share	Notes
Year ending Sept 2023	12.0JPY
Year ending Sept 2022	10.0JPY
Year ending Sept 2021	10.0JPY
Year ending Sept 2020	8.5JPY
Year ending Sept 2019	8.5JPY
Year ending Sept 2018	8.0JPY
Year ending Sept 2017	10.0JPY	Of which 2.5 JPY is a memorial dividend
Year ending Sept 2016	7.0JPY
Year ending Sept 2015	6.5JPY
Year ending Sept 2014	6.0JPY
Year ending Sept 2013	5.0JPY
Year ending Sept 2012	5.0JPY	Of which 1JPY is a memorial dividend
Year ending Sept 2011/th>	4.0JPY
Year ending Sept 2010	2.0JPY
Year ending Sept 2009	1.0JPY

Splits

Date of standard	Percentage	Effective date
2005.12.31	1stock　→　2stock	2006.2.20

Change in the number of shares constituting one unit

By resolution of the Board of Directors meeting held on July 20, 2018, we amended the Articles of Incorporation in accordance with Article 195-1 of the Companies Act, and changed the number of shares constituting one unit from 1000 shares to 100 shares on October 1, 2018.