Shareholder Returns, Dividends
Management regards providing shareholders with a suitable rate of return as an important aspect of its duties. Our basic policy is to target a consolidated dividend payout ratio in excess of 50% in FY2019, and to pay dividends based on the results of operations in a consistent manner.
The company is permitted to pay an interim dividend on 30 September every year at the discretion of the Board of Directors. The basic policy as stipulated in the Articles of Incorporation allows for 2 dividend payments out of surplus funds each year (an interim and year-end dividend). The decision-making body for dividends paid out of surplus funds is the General Shareholders Meeting (for term-end dividends) and the Board of Directors (for interim dividends).
The dividend payment for the current accounting period has been decided at ¥53 per share in the method described above (inclusive of a ¥25 per share interim dividend). As a result, the consolidated dividend payout ratio for the period was 39.0%.
The current level of retained earnings is deemed appropriate by management to respond to expected changes in the operating environment. Management believes retained earnings are sufficient for it to meet customer satisfaction, strengthen development and production infrastructure, and enable it to achieve its global business strategies.
Trends in Dividends Paid
(as of March 31, 2017)
Currently, there are no special benefits for shareholders