Dividends

Dividend Policy

The Company aims at gradually increasing its payout ratio to 30% by 2020 as a basic policy for the purpose of improving and making stable shareholder returns in its long-term business plan, Vision 2025.

Dividends per share (Unit: Yen)

FY2014
(For the Year Ended March, 2015)		 FY2015
(For the Year Ended March, 2016)		 FY2016
(For the Year Ended March, 2017)		 FY2017
(For the Year Ended February, 2018)		 FY2018
(For the Year Ending February, 2019)
Annual Dividends
per Share		 20.0
(Ordinary dividends 18.0) (Commemorative dividends for the Company’s centenary 2.0)		 20.0 20.0 40.0 (Forecast)
52.0
Interim
Dividends		 8.0 10.0 10.0 20.0 26.0
Year-end
Dividends		 12.0
(Ordinary dividends 10.0) (Commemorative dividends for the Company’s centenary 2.0)		 10.0 10.0 20.0 (Forecast)
26.0
Payout Ratio
(%)		 20.3 23.6 26.1 26.8 (Forecast)
29.2

Record date for payment and payment date are as below.

Year-end dividends Record date for payment : End of February
Interim dividends Record date for payment : August 31

Annual Dividend per Share

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