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Dividends

Dividend Policy

In connection with the appropriation of profits, the Company takes into consideration the funds required to engage in new businesses and capital investments aimed at fulfilling the Company's responsibilities to continuously develop the growing human resources business market, to strengthen the Company's operating platform and earnings capacity and to expand shareholders’ returns by enhancing corporate value. On this basis and for the foreseeable future, the Company has adopted the basic policy to implement a consolidated dividend payout ratio target of 25% in an effort to continuously deliver adequate and stable returns to shareholders taking into consideration its operating performance.

The Company's articles of incorporation stipulate that retained earnings can be distributed as dividends pursuant to the resolution of the board of directors.

Dividends per share for Current Fiscal Year

(yen)
  Interim Year-end Annual Payout Ratio (consolidated)
Fiscal year ending May 31, 2018 - 12 12 44.2%
The Company implemented a 1:100 stock split on its common stock with an effective date of December 1, 2013, at the same time, adopted a unit share system that set unit share at 100 shares.

Past Records of Dividends per Share

(yen)
  Interim Year-end Annual Payout Ratio (consolidated)
Fiscal year ended May 31, 2017 - 12 12 88.3%
Fiscal year ended May 31, 2016 - 12 12 181.3%
Fiscal year ended May 31, 2015 - 12 12 206.3%
Fiscal year ended May 31, 2014 - 10 10 71.2%
Fiscal year ended May 31, 2013 - 1,000 1,000 61.3%
Fiscal year ended May 31, 2012 - 1,000 1,000 1,269.4%
Fiscal year ended May 31, 2011 - 1,000 1,000 90.8%
Fiscal year ended May 31, 2010 - 500 500 88.5%
Fiscal year ended May 31, 2009 600 650 1,250 149.8%
Fiscal year ended May 31, 2008 1,200 1,300 2,500 35.2%
Fiscal year ended May 31, 2007 1,000 1,000 2,000 20.0%
Cash dividends were paid by Pasona Inc. until an interim cash dividend for the fiscal year ended May 31, 2008. Since a year-end dividend for the fiscal year ended May 31, 2008, dividends were paid by Pasona Group Inc.

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