Shareholder Return Policy and Information for Shareholders

Shareholder Return Policy

Returning profits to shareholders is an important management priority for the Bank of Yokohama. In the year ended March 31, 2005, the Bank introduced a performance-based dividend policy, while adhering to the concept of a stable dividend.
For FY2010, in order to flexibly return to our shareholders and to further improve our management and financial stability, the Bank will return profit as an Ordinary Dividend, stably paid regardless of business results, and a Special Return, which is linked to business results.

  • (i)Ordinary Dividend
    10 yen per share per annum is to be paid out stably regardless of business results. 5 yen is to be paid out as an Interim Dividend, and the other 5 yen is to be paid out as an End of the Term Dividend.
  • (ii)Special Return
    Around 40% of the amount exceeding 50 billion yen in Net Income is to be returned (special dividends or share buyback) to shareholders as a portion linked to business results.

Dividend Record

Year Ended March 31, 2006 March 31, 2007 March 31, 2008 March 31, 2009 March 31, 2010 March 31, 2011
（Forecast）
Annual dividend per share ¥9.00 ¥10.00 ¥11.50 ¥10.00 ¥10.00 ¥10.00
Interim dividend per share ‐ ¥3.50 ¥5.00 ¥5.00 ¥5.00 ¥5.00
Term-end dividend per share ¥9.00 ¥6.50 ¥6.50 ¥5.00 ¥5.00 ¥5.00
Payout ratio（Note） 20.98% 21.10% 23.70% 157.13% 43.86% 35.32%

  • (Note1)

    Payout Ratio is calculated as;
    Total Dividends Paid divided by Net Income. (Non-consolidated)

  • (Note2)

    Payout Ratio for FY2010 (Forecast) is calculated on condition that the Bank achieves its officially forecasted Net Income for FY2010. (Non-consolidated)

Repurchase and Retirement of Own Shares

FY2009

FY2008

FY2007

FY2006

FY2005