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Dividend & Dividend Policy

Dividend

(yen)

  Interim Year-end Full year
Fiscal Year Ending March 31, 2022 (Plan) (Plan) 10.0 (Plan) 15.0 (Plan) 25.0
Fiscal Year Ended March 31, 2021 10.0 10.0 20.0
Fiscal Year Ended March 31, 2020 20.0 10.0 30.0
Fiscal Year Ended March 31, 2019 20.0 20.0 40.0
Fiscal Year Ended March 31, 2018 19.0 21.0 40.0

Dividend Policy

NSK places great importance on shareholder returns. As part of the 6th Mid-Term Management Plan, spanning the three years beginning April 2019, we have aimed to provide stable dividends to our shareholders on an ongoing basis, and set the target of dividend payout ratio ranging from 30% to 50% as well as a per-share annual dividend of 40 yen or more on a consolidated basis. Also we regard treasury shares as an option to execute agile capital policy, and set a target of a total return ratio of 50% during the three-year period. We take into account the financial situation and so forth to make proper decisions for the execution.