Our basic policy is to actively return profits to shareholders in accordance with financial results, taking into consideration maintaining adequate levels of internal reserves for investments towards future growth and cash flows. Our target of consolidated dividend payout ratio is set to about 30%, and also in order to continuously pay dividends regardless of financial results, the minimum level on dividend of equity ratio (DOE) is set to 1%,
<The Dividend for Fiscal Year ended 03/2017>
The dividend for the end of the second quarter of FY 2016 is determined as 18 yen per share as forecasted at the beginning of the fiscal year. The year-end dividend will also be 18 yen per share as forecasted at the beginning of the fiscal year, and the annual dividend will be 36 yen per share, the same amount as the dividend for FY2015.
We expect the consolidated dividend payout ratio to be approximately 24%.
Trend in dividend per share