Return to Shareholders
We regard shareholder interests as a vital management issue. With this recognition, we will deliver well-balanced return of profits to all stakeholders based on our earnings, investment plans, and the business environment in each fiscal year, while securing an equity ratio of 50% or higher and setting a minimum level of net cash at two months' worth of net sales. Our focus will be on providing stable and continuous returns with dividends as the main form of returns to shareholders.
Our yearly dividend payments will be 144 yen per share from the fiscal year ending March 2019 to the fiscal year ending March 2021. We will also flexibly conduct share repurchases depending on our cash flow situation.
|FYE 2013||FYE 2014||FYE 2015||FYE 2016||FYE 2017||FYE 2018||FYE 2019||FYE 2020 (Plan)|
|End of Term||10.0||33.0||37.0||72.0||72.0||72.0||72.0||72.0|
|Dividend Payout Ratio||9.8||20.0||20.3||25.7||39.4||50.1||74.7||-|