IR Information

Japanese

Dividends

Dividends for the 78th fiscal year (Year ended Mar. 31, 2018)
Annual Dividend
Expected to be 190 yen per share based on the financial forecasts contained in the Earnings Release dated April 27, 2017
Interim Dividend (Record date: Sep. 30, 2017)
To be determined based on the dividend policy described below
Year-end Dividend (Record date: Mar. 31, 2018)
To be established by deducting the paid interim dividend from the annual dividend
Dividends for the 77th fiscal year (Year ended Mar. 31, 2017)
Interim Dividend (Record date: Sep. 30, 2016)
Passed
Year-end Dividend (Record date: Mar. 31, 2017)
430 yen per share (Effective date of distribution: June 30, 2017)

Please see Key Figures per Share in Financial Highlights for the details about the previous dividends.

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 profit by the total number of outstanding shares (excluding treasury shares) as of the end of the fiscal year rounded up to the 10 yen digit ("33% of consolidated operating profit" standard), or the amount calculated by dividing 50% of consolidated profit attributable to owners of parent by the total average number of outstanding shares (excluding treasury shares) for the fiscal year rounded up to the 10 yen digit ("50% consolidated payout ratio" standard). This diagram is applicable if the total number of outstanding shares (excluding treasury shares) as of the end of the fiscal year is equal to the total average number of outstanding shares (excluding treasury shares) for the fiscal year.

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