Dividend Policy (as of March 31, 2019)
Osaki Electric sets basic policy to carry out the continual distribution of a steady dividend to shareholders, while providing additional performance-based dividends.
The basic policy states that the amount distributed will be based on higher of either a dividend payout ratio of 30% or 2% of DOE (dividend on equity).
The articles of incorporation allow for an interim dividend.
Consequently, basic policy establishes semi-annual dividends from surplus as an interim dividend and year-end dividend.
The board of directors authorizes the interim dividend, and the general shareholders meeting authorizes the year-end dividend.
For the fiscal year ended March 31, 2019, the annual dividend is 20 yen per share (of which 10 yen was the interim dividend).
For the fiscal year ending March 31, 2020, the Company plans to pay an interim dividend of 10 yen per share and 10 yen of year-end dividend, resulting in annual dividends of 20 yen.
Fixed date on shareholder's right for common dividend
Fixed date on shareholder's right for interim dividend
Change of the dividend
|Dividend Per Share(Yen)||1Q||-||-||-||-||-||-|
|Amount of Dividends(Millions of Yen)||613||537||959||976||978||-|
|Ratio of Total Amount of Dividends to Net Assets(%)||1.7||1.4||2.3||2.1||2.1||-|