• Consolidated dividend annual payout ratio target: around 30%
• Factors to be considered to return the profit to shareholders include:
  • capital requirements for investments to raise corporate value,
  • our performance forecast,
  • consolidated and non-consolidated balance sheets.
• The level of the first-half dividend is determined based on consideration of interim performance figures and forecasts for the full fiscal year performance.

Dividend of FY2018

• Regarding the dividend from retained earnings for the end of the fiscal year, in accordance with the policy described above and after giving due consideration to full-year forecasts, we plan to pay a dividend of JPY40 per share (bringing the dividend for the full year to JPY80 per share and representing a consolidated payout ratio of approximately 31% (based on IFRS)).