We regard the return of profits to shareholders as an important management issue with the aim of achieving sustainable growth in corporate value over the medium to long term.
In our medium-term management plan, which begins in fiscal 2020, we have set a consolidated dividend payout ratio of at least 30% as a target for shareholder returns.
In addition, the Company’s basic policy is to pay a stable dividend to shareholders after taking into consideration such factors as the demand for funds for strategic investment with a view to future growth.
The record date for the year-end dividend is August 31, and the record date for the interim dividend is the end of February. However, our basic policy is to pay a year-end dividend once a year. The Company’s Articles of Incorporation stipulate that matters stipulated in each item of Article 459(1) of the Companies Act, such as dividends from surplus, may be paid by resolution of the Board of Directors, unless otherwise stipulated by law.
Going forward, we will continue to improve capital efficiency through various investments that contribute to enhancing corporate value while ensuring financial soundness.
|Dividend per share
|Dividend payout ratio
September 1, 2019
November 25, 2017