Return to shareholders and Dividends
Dividend Policy
The Company considers the payment of dividends as an important obligation to its shareholders. The Company’s basic policy is to decide on dividends after considering the profit level for the term and the need for internal reserve to be used in future business expansions.
The internal reserve will be used for capital investment in businesses in the “growth-accelerating” category to ensure sustainable growth of profit. The internal reserve will also be used for R&D and for measures to improve financial strength.
Trends of Dividends
(Unit; yen)
| 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016* | 2017 | 2018 | 2019 | 2020 forecast | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Q2 dividends per share | － | － | － | － | － | － | － | － | 20.0 | 50.0 | 0.0 |
| End of term dividends per share |
5.0 | 3.0 | 3.0 | 3.0 | 3.0 | 3.0 | － | 50.0 | 100.0 | 80.0 | 65.0 |
| Annual dividends per share | 5.0 | 3.0 | 3.0 | 3.0 | 3.0 | 3.0 | － | 50.0 | 120.0 | 130.0 | 65.0 |
