Dividend Information

Dividend Policy

With regard to returning profits to shareholders, the Group adopts a performance-based dividend policy (dividend table) based on its aim of increasing shareholder value by enhancing corporate value. In the 6th Mid-Term Management Plan, we have raised the target payout ratio (consolidated) from the former value of about 30% to about 35%, and our policy is to pay dividends according to the level of consolidated net income. However, this is subject to change depending on factors such as business development and risk environments, etc. FFG has set new target dividends for consolidated net income levels of 55.0 billion yen and above.

Consolidated net income level Dividend per share (Reference value)
60 billion yen or more

Per year 115 yen -

55 - 60 billion yen

Per year 105 yen -

50 - 55 billion yen

Per year 95 yen -

45 - 50 billion yen

Per year 85 yen -

40 - 45 billion yen

Per year 75 yen -

35 - 40 billion yen

Per year 65 yen -

30 - 35 billion yen

Per year 55 yen -

25 - 30 billion yen

Per year 50 yen -

20 - 25 billion yen

Per year 45 yen -

15 - 20 billion yen

Per year 40 yen -

Below 15 billion yen

Per year 35 yen -

(Notes)

  1. Consolidated net income is net income attributable to owners of the parents.
  2. In FY2019, given the temporary nature of factors associated with business integration with the Eighteenth Bank, Ltd., FFG plans to pay 85 yen as a minimum dividend irrespective of the table above, this being on par with the dividend amount for the previous fiscal year. In the event that earnings are revised upward, FFG will reconsider the amount of the dividend.

Dividends per common share

Dividend Payment (yen)

Dividend Payout Ratio(%)

Dividend Payment

(Note) FFG consolidated its common shares at the ratio of one new share for every five old shares on October 1,2018 as the effective date. Accordingly, dividends prior to the end of the second quarter of the fiscal year ended March 31, 2019 were calculated based on the assumption that the share consolidation had been carried out.