Shinkin Central Bank

<h3>3. Dividend Policy</h3>

　Our organization is committed to strengthening internal reserves from the perspective of ensuring sound management, while maintaining stable dividends on a continuing basis as our fundamental policy. Regarding dividend distributions, since the Credit Union Law and the Law Concerning Preferred Shares of Cooperative Financial Institutions do not provide for interim dividends, we do not pay interim dividends for either common shares or preferred shares. Dividends are paid only at the end of the fiscal year. The ordinary general meeting is the decision-making body for dividends.


　Regarding dividends for the current fiscal year, the ordinary general meeting held on June 20, 2025 resolved that the total dividend amount shall be 22,603 million yen, with per-share dividends as follows.

 

　(1) General Common Shares


　　　The dividend for general common shares for the current fiscal year is set at 3,000 yen per share annually.


　(2) Specific Common Shares


　　　The dividend for specific common shares for the current fiscal year is set at 1,500 yen per share annually.


　(3) Preferred Shares


　　　In addition to the preferred dividend determined at the time of issuance, we maintain a policy of providing participating dividends on a stable basis each period. For the current fiscal year, the preferred share dividend is set at 3,000 yen per share as preferred dividend and 3,500 yen per share as participating dividend, for a total of 6,500 yen per share annually.

 

(Reference)


○　Dilution Prevention Measures for Preferred Shares Due to Common Share Capital Increases


　Our organization adopted a policy by board resolution on July 27, 2000, that when a decision is made to increase capital through common shares, we will implement measures such as splitting preferred shares or issuing preferred shares to preferred shareholders on a pro-rata basis according to the increase ratio of common shares, as a dilution prevention measure.


　This is to avoid the dilution of residual asset distribution amounts for preferred shareholders. Since common share capital increases are always accepted from member credit unions at a fixed price of 100,000 yen per share, if capital is increased when our organization's net assets per share exceed 100,000 yen, the residual asset distribution per preferred share would be diluted.


　Our organization is authorized by its bylaws to issue two types of common shares: "general common shares" and "specific common shares." For residual asset distribution of "specific common shares," the per-share residual asset distribution amount is limited to the same amount as the contribution amount at the time of capital increase (100,000 yen), which equals the per-share value of one unit (100,000 yen). Therefore, capital increases through "specific common shares" do not result in dilution of preferred shareholders' residual asset distribution amounts.


　When our organization decides to increase capital through "general common shares" rather than "specific common shares," dilution of preferred shareholders' residual asset distribution amounts would occur. Therefore, we maintain our existing policy of implementing the above dilution prevention measures.


　Preferred share splits may be implemented upon resolution by the common shareholders' general meeting and approval by the Prime Minister. Preferred share issuances may be implemented upon board resolution and approval by the Prime Minister.

Our basic policy is to maintain stable dividends over the long term while building up internal reserves from the perspective of sound management. We pay dividends once per year at the fiscal year-end only, and do not pay interim dividends. For preferred shares, we maintain a policy of paying participation dividends consistently each period, in addition to the preferred dividends set at the time of issuance.

Fiscal Year	Type	Interim	Year-End	Total	Payout Ratio
FY2026	Forecast(2025/05/20)	-	6,500	6,500	56.5%
FY2025	Actual(2025/05/20)	-	6,500	6,500	53.2%
	Forecast(2024/05/17)	-	6,500	6,500	56.5%
FY2024	Actual(2024/05/17)	-	6,500	6,500	61.0%
	Forecast(2023/05/19)	-	6,500	6,500	65.3%
FY2023	Actual(2023/05/19)	-	6,500	6,500	74.7%
	Forecast(2022/05/20)	-	6,500	6,500	54.4%
FY2022	Actual(2022/05/20)	-	6,500	6,500	54.5%
	Forecast(2021/05/20)	-	6,500	6,500	56.0%
FY2021	Actual(2021/05/20)	-	6,500	6,500	61.9%
	Forecast(2020/10/30)	-	6,500	6,500	-
FY2020	Actual(2020/10/30)	-	6,500	6,500	-

Shinkin Central Bank (8421) Dividends

Dividend Policy

Dividend per Share

Payout Ratio

Dividend Yield

Dividend History (Forecasts, Revisions, Actuals)