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Dividends and Distribution of Profits

Basic Policy Regarding Distribution of Profits and Dividends of This Period

The Company considers the return of earnings to shareholders as one of the most important measure, and the Company has the target for consolidated dividend payout ratio to be 35% and stable dividend payment.
Cash dividends per share for March 2017 is expected to be 70 yen.

Annual dividend per share (yen)

  Interim dividend Year-end dividend Annual dividend
FY2004 5 25 30
FY2005 7.5 22.5 30
FY2006 7.5 22.5 30
FY2007 15 20 35
FY2008 15 15 30
FY2009 15 15 30
FY2010 15 15 30
FY2011 15 20 35
FY2012 15 35 50
FY2013 20 25 45
FY2014 20 32 52
FY2015 25 42 67
FY2016(FCST) 25 45 70


Changes in Consolidated Net Income and Dividends

Complimentary programs for shareholders

We do not offer complimentary programs for shareholders. As our basic policy, we distribute profits via dividends to our shareholders.

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