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 | 35.2 |
| FY 2017 | 30 | 30 | 60 | 28.7 |
| FY 2018E | 35 | 35 | 70 | 27.7 |