The Company’s basic policy for returning profits to its shareholders is to distribute profits in accordance with its consolidated performance and by taking into account the total return ratio.
With regard to dividends, while taking the basic approach of raising dividends on equity (DOE) in accordance with the increase in consolidated profits for the fiscal year, the Company aims at a consolidated dividend payout ratio of 30 percent or more. The Company’s basic policy is to make distributions of dividends, twice a year, consisting of a fiscal year-end dividend and an interim dividend by resolution of the General Meeting of Shareholders and by approval of the Board of Directors.
The Company intends to carry out the purchase of treasury stock appropriately as necessary, by taking into account its financial situation, the trends in stock prices and other factors, in an effort to execute capital policies that respond flexibly to changes in the corporate environment.
| Dividend |
2012/3 |
2013/3 |
2014/3 |
2015/3 |
2016/3 |
| Total dividend per share |
15.00 |
20.00 |
20.00 |
24.00 |
24.00 |
| Interim dividend (Payment: December of the fiscal year) |
5.00 |
7.50 |
10.00 |
12.00 |
12.00 |
| Year-end dividend (Payment: June of next fiscal year) |
10.00 |
12.50 |
10.00 |
12.00 |
12.00 |
| Dividend |
2017/3 |
2018/3 |
2019/3 |
2020/3 |
2021/3 (Forecast) |
| Total dividend per share |
15.00 |
15.00 |
22.00 |
31.00 |
37.00 (Plan) |
| Interim dividend (Payment: December of the fiscal year) |
7.50 |
7.50 |
8.50 |
11.00 |
15.50 |
| Year-end dividend (Payment: June of next fiscal year) |
7.50 |
7.50 |
13.50 |
20.00 |
21.50 (Plan) |
