• 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 fiscal year-end dividend, in accordance with the policy described above and as announced at the time of third quarter performance result (February 6, 2019), we now plan to request the approval of the General Meeting of Shareholders to distribute a year-end dividend payment of ¥40 per share bringing the dividend for the full year to ¥80 per share and representing a consolidated payout ratio of 28.4%).

Dividend of FY2019

• We have not determined a dividend distribution plan for FY2019 due to the inability to establish reasonable earnings forecasts. The dividend distribution plan will be disclosed when it becomes available.