IR Information

Japanese

Dividends

Previous Dividends and Forecast

  Dividend per share
(in yen)
Annual
dividends
in total
(in mil yen)
Consolidated
payout ratio
(%)
Consolidated
dividends on
net assets
(%)
Adopted standard for annual dividends in total
[Dividend Policy]
Interim
(End of
2nd
quarter)
Year-end Annual
The 66th
Fiscal
Year

(Year ended
Mar. 2006)
70
(*1)
320 390 49,886 51.2 5.3 50% consolidated payout ratio
The 67th
Fiscal
Year

(Year ended
Mar. 2007)
70
(*1)
620 690 88,253 50.6 8.5 50% consolidated payout ratio
The 68th
Fiscal Year

(Year ended
Mar. 2008)
140
(*1)
1,120 1,260 161,141 62.6 13.8 33% of consolidated operating income
The 69th
Fiscal Year

(Year ended
Mar. 2009)
660 780 1,440 184,154 66.0 14.8 33% of consolidated operating income
The 70th
Fiscal Year

(Year ended
Mar. 2010)
270 660 930 118,930 52.0 9.2 33% of consolidated operating income
The 71st
Fiscal Year

(Year ended
Mar. 2011)
140 310
450
57,545 74.1
4.4 33% of consolidated operating income
The 72nd
Fiscal Year

(Year ended
Mar. 2012)
0 100
(*2)
100
(*2)
12,787 - 1.0 -
The 73rd
Fiscal Year

(Year ended
Mar. 2013)
0 100
(*3)
100
(*3)
12,787 180.1 1.1 -
The 74th
Fiscal Year

(Year ended
Mar. 2014)
0 100
(*4)
100
(*4)
11,837 - 1.1 -
The 75th
Fiscal Year

(Year ending
Mar. 2015)
Undecided
(*5)
Undecided
(*6)
120
(*7)
Undecided 71.0
(*7)
Undecided 33% of consolidated operating income
(*7)

(*1) For those fiscal years, interim dividends per share were not performance based.

(*2) No year-end dividends are supposed to be distributed based on the following dividend policy. However, as the minimum dividend was set for the 72nd fiscal year during the term, 100 yen per share was distributed.

(*3) The year-end dividend is supposed to be 30 yen per share based on the following dividend policy. However, as the minimum dividend was set for the 73rd fiscal year during the term, 100 yen per share was distributed.

(*4) No year-end dividends are supposed to be distributed based on the following dividend policy. However, as the minimum dividend was set for the 74th fiscal year during the term, 100 yen per share was distributed.

(*5) The interim dividend per share, which is determined based on the following dividend policy, is undecided because the financial forecast for the six months ending September 30, 2014 will not be prepared.

(*6) The year-end dividend per share is calculated by subtracting the interim dividend per share from the annual dividend.

(*7) Forecasts are based on the following dividend policy and the financial forecasts contained in the Earnings Release dated May 7, 2014.

Dividend Policy

As for direct profit returns to our shareholders, our basic policy is to pay out dividends upon considering our profit level for the fiscal year.

Determination Method of Dividend

Interim and year-end dividends per share are established as follows:

Interim Dividend

figure

Year-end Dividend

Year-end dividend per share will be established by deducting the paid interim dividend per share from the annual dividend per share, which will be established at the higher of the amount calculated by the following standards:

33% of consolidated operating income
50% consolidated payout ratio
EXAMPLE

(*) The annual dividend per share will be established at the higher of the amount calculated by dividing 33% of consolidated operating income by the total number of outstanding shares (excluding treasury stock) as of the end of the fiscal year rounded up to the 10 yen digit ("33% of consolidated operating income" standard), or the amount calculated by dividing 50% of consolidated net income by the total average number of outstanding shares (excluding treasury stock) for the fiscal year rounded up to the 10 yen digit ("50% consolidated net income" standard). This diagram is applicable if the total number of outstanding shares (excluding treasury stock) as of the end of the fiscal year is equal to the total average number of outstanding shares (excluding treasury stock) for the fiscal year.


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