1. Basic Policy on Distribution of Profits
We regard the return of profits to our shareholders as one of our most important management-related tasks. We aim to provide stable cash dividends based on our consolidated performance, targeting a dividend payout ratio of around 40%.
2. Dividend forecast
FY2018 (Fiscal year ending December 31, 2018)
| Dividends | 35 yen (including implementation of the 120th year commemorative dividend 5yen) |
|---|---|
| Record date for receiving dividends | December 31 (Interim dividend not provided) |
3. Payment of dividends
Due to the change to our Articles of Incorporation that was given at the General Meeting of Shareholders held in June 2006, resolutions regarding the payment of dividends are now passed by the Board of Directors.
Payment of dividend for the 74th term (fiscal year ended December 31, 2017)
We hereby announce that a resolution regarding the following was passed at the Board of Directors’ meeting held on February 23, 2018.
| Shareholder dividend | 30 yen per share |
|---|---|
| Payment start date | Thursday, March 8, 2018 |
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* Documents related to the payment of dividends will be enclosed with the notice of convocation that will be mailed out on March 7. |
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4. Dividends per share that we have paid
- 2006
(Fiscal year ended March 31, 2007) - 15 yen
- 2007
(Fiscal year ended March 31, 2008) - 15 yen
- 2008
(Fiscal year ended March 31, 2009) - 15 yens
- 2009
(Fiscal year ended March 31, 2010) - 15 yen
- 2010
(Fiscal year ended March 31, 2011) - 15 yen
- 2011
(Fiscal year ended March 31, 2012) - 18 yen
- 2012
(Fiscal year ended March 31, 2013) - 20 yen
- 2013
(Fiscal year ended March 31, 2014) - 22 yen
- 2014
(Fiscal year ended December 31, 2014) - 16.50 yen
- 2015
(Fiscal year ended December 31, 2015) - 22 yen
- 2016
(Fiscal year ended December 31, 2016) - 24.50 yen
- 2017
(Fiscal year ended December 31, 2017) - 30 yen
