We set the year-end dividend for the fiscal year ended March 31, 2018 at ¥20.00 per share and the total cash dividends for the fiscal year at ¥40.00 per share. We plan to keep total dividend at ¥40.00 per share for the fiscal year ending March 31, 2019.

Dividends Policy

The OLC Group considers shareholder returns to be one of the most important management policies. We will continue to aim for a steady payout of cash dividends while also taking the external environment into consideration.

Annual Cash Dividends Per Share

FY2016 FY2017 FY2018 FY2019 FY2020 FY2021
(Expected)
Dividend Per Share(yen) 1Q ------
2Q 17.5017.5020.0020.0022.00-
3Q ------
FY-End 17.5020.0020.0022.0022.00-
Total 35.0037.5040.0042.0044.00-
Amount of Dividends(million yen) 11,72012,44813,16713,82514,451-
Payout Ratio(%) 15.915.116.215.323.2-
Ratio of Total Amount of Dividends to Net Assets(%) 2.01.91.91.81.8-

Earnings per share

Share Repurchase

OLC is scheduled to repurchase shares by tender offer.

Tender Offer Period

Number of Shares
to be Repurchased

Total Value of Shares
to be Repurchased

From January 2020
to March 2020

About 1.5 million shares

(Maximum)

About ¥20.7 billion

(Maximum)