Dividends and Shareholder Returns
Basic Dividend Policy
In terms of profit distribution, Artner comprehensively considers future business developments, earnings, the management environment, as well as the strengthening of its management foundations, and positions the supply of stable dividends to its shareholders as top-priority management task.To improve capital efficiency, we aim to achieve an ROE of 20% or higher as a result of remaining committed to various initiatives
While taking into account earnings trends and other factors, Artner’s basic policy calls for the biannual distribution of retained earnings in the form of interim and year-end dividends. The distributions of retained earnings are decided by the general shareholders meeting in the case of the year-end dividend and by the board of directors in the case of the interim dividend.
Internal reserves are set aside to address projected future changes in the management environment and invest efficiently in enriching our pool of human resources, etc.
Stock Splits
*Fiscal year ended January 31
Results Period | Effective Date | Split Ratio |
---|---|---|
FY2019 (Reporting Period 57) |
April 1, 2018 | 1 : 2 |
FY2018 (Reporting Period 56) |
February 1, 2017 | 1 : 2 |
FY2012 (Reporting Period 50) |
February 1, 2011 | 1 : 3 |
FY2008 (Reporting Period 46) |
June 22, 2007 | 1 : 4 |
Shareholder benefits
Artner’s basic policy is to reward shareholders through shareholder dividends, and the company offers no shareholder benefits.
Dividends
※Fiscal year ended January 31
Results Period | Dividend per share (DPS; ¥) |
Payout Ratio (%) |
Dividend Yield (%) |
Dividend on equity (DOE; %) |
Share price (period- start/ opening price; ¥) |
Dividend per share (¥) before retroactive adjustment |
---|---|---|---|---|---|---|
FY2025 (Reporting Period 63; estimated) |
80.00 | 72.1 | 3.70 | – | 2,188 | – |
FY2024 (Reporting Period 62) |
75.00 | 7.45 | 7.45 | 19.2 | 1,000 | – |
FY2023 (Reporting Period 61) |
60.00 | 71.2 | 6.86 | 16.7 | 874 | – |
FY2022 (Reporting Period 60) |
34.50 | 50.3 | 4.00 | 10.9 | 862 | – |
FY2021 (Reporting Period 59) |
23.00 | 38.9 | 2.89 | 8.4 | 797 | – |
FY2020 (Reporting Period 58) |
20.50 | 35.5 | 2.22 | 8.6 | 923 | – |
FY2019 (Reporting Period 57) |
18.00 | 35.4 | 1.67 | 8.9 | 1,081 | – |
FY2018 (Reporting Period 56) |
15.00 | 33.1 | 3.61 | 8.9 | 416 | 30.00 |
FY2017 (Reporting Period 55) |
11.25 | 32.9 | 3.75 | 8.0 | 300 | 45.00 |
FY2016 (Reporting Period 54) |
8.75 | 33.6 | 4.97 | 7.4 | 176 | 35.00 |
FY2015 (Reporting Period 53) |
6.25 | 31.5 | 4.24 | 6.2 | 148 | 25.00 |
FY2014 (Reporting Period 52) |
5.00 | 44.7 | 2.69 | 5.4 | 186 | 20.00 |
FY2013 (Reporting Period 51) |
8.75 | 32.4 | 9.86 | 10.9 | 89 | 35.00 |
FY2012 (Reporting Period 50) |
5.00 | 26.9 | 8.13 | 8.2 | 62 | 20.00 |
FY2011 (Reporting Period 49) |
– | – | – | – | 50 | – |
FY2010 (Reporting Period 48) |
– | – | – | – | 88 | – |
FY2009 (Reporting Period 47) |
6.67 | 35.5 | 5.23 | 7.2 | 128 | 80.00 |
FY2008 (Reporting Period 46) |
7.50 | 30.2 | 2.25 | 4.9 | 334 | 90.00 |
FY2007 (Reporting Period 45) |
3.13 | 17.0 | – | 6.8 | – | 150.00 |
Payout ratio (%) = Dividend per share (total) / net profit per share × 100
Dividend yield (%) = Dividend per share (total) / Share price (period-start/opening price) × 100
Dividends on equity (%) = Dividend per share (total) / (Net assets per share at period-start + Net assets per share at period-end) / 2 × 100
Dividend per share and share price (period-start/opening price) data were retroactively revised to factor in the impact of stock splits conducted as follows.
・ June 22, 2007 (4-for-1 stock split)
・ February 1, 2011 (3-for-1 stock split)
・ February 1, 2017 (2-for-1 stock split)
・ April 1, 2018 (2-for-1 stock split)