Dividend Policy

Based on the recognition that return to shareholders is one of its most important tasks, the company has set a basic policy to continue paying stable dividends. On the other hand, we also consider it is important to return profits to shareholders in line with earnings. With a consolidated payout ratio of at least 30% as a target, we intend to continuously pay the interim dividends and year-end dividends while comprehensively taking into consideration the basic policy of paying stable dividends and the need to maintain sufficient internal reserves for R&D investment, capital expenditures for business expansion and for rationalization of operations, and for taking equity stakes in other companies.

Dividend Information

Interim (yen) End of FY (yen) Total (yen) Dividend Payout Ratio(%)
FY 2007 14 13 27 17.5
FY 2008 13.5 13.5 27 26.8
FY 2009 13.5 0 13.5 -
FY 2010 5.5 5.5 11 17.7
FY 2011 11 11 22 20.2
FY 2012 11 11 22 18.8
FY 2013 11 11 22 22.9
FY 2014 13 15 28 18.6
FY 2015 18 18 36 21.3
FY 2016 21 21 42 29.7
FY 2017 21 21 42 35.2