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%,
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<Dividends for FY2009>
Despite the significant decrease in profit decline caused by the sharp downturn in the global economy, the year-end dividend is declared to be 12 yen as originally planned. Combined with the interim dividend already paid, the annual dividend for the year ending March 31, 2009 is declared to be 26 yen per share (24 yen for ordinary dividend and 2 yen for commemorative dividend for the 100th anniversary), up 4 yen from the previous year. As for the annual dividend for the year ending March 31, 2010, reflecting the extremely grim business forecast, we plan to pay 16 yen per share, down 10 yen from the previous year. |
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Trend in dividend per share
