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Shareholder Returns / Dividends

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Dividends

We believe in the importance of returning profits to shareholders in the form of dividends. While it is our basic policy to provide stable, sustainable dividends, when determining dividend amounts we take into consideration such factors as operating performance trends, the need for investment to enhance our corporate value and secure funding for R&D to reinforce our competitiveness, and strengthening our financial standing.

Note: Fiscal years are from April 1 of the indicated year to March 31 of the following year.

(Yen)

  FY2015 FY2016 FY2017 FY2018 FY2019(Forecast)
Dividend per share (full-year) 6.00 6.00 60.00* 60.00 20.00
Interim dividend 3.00 3.00 3.00 0.00 0.00
Payout ratio (%) 50.3 29.8 23.6 259.3 -

* The Company conducted a 1-for-10 reverse stock split on common shares with an effective date of October 1, 2017. The indicated dividend per share for the fiscal year ended March 31, 2018 (full-year) takes this reverse stock split into account.

Shareholder Special Benefits

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