Return to Shareholders

Policy Regarding the Payment of Dividends

Our basic policy for profit sharing is to ensure dividends are in line with consolidated operating results, targeting a consolidated payout ratio of 30% for the medium term. We will also determine dividends by giving consideration to the need to ensure financial soundness, to our ability to maintain stable dividend payments over the medium to long term, and to securing sufficient internal reserves to fund strategic investments aimed at ensuring future growth.

Trend of dividends


  2014/3 2015/3 2016/3 2017/3 2018/3
Interim dividends 10.0 10.0 15.0 25.0 30.0 
Year-end dividends 10.0 10.0 20.0 30.0 30.0
Total dividends 20.0 20.0 35.0 55.0 60.0
Earnings per share 42.51 (41.14) 158.15 254.91 231.26


*The Company consolidated its common shares at a ratio of 5 shares to 1 share on October 1, 2016. Accordingly, dividends and earnings per share are calculated on the assumption that the consolidation of shares is conducted at the beginning of fiscal 2012 .