For Individual Investors

4Dividend Policy

New Dividend policy
Dividend per share (¥ per share)

Our dividend policy is to provide stable and ongoing shareholder returns targeting a consolidated dividend payout ratio of 25% as a percentage of its consolidated net income before goodwill amortization.

In accordance with this policy, the Company plans to pay a year-end dividend of 39 yen per share. Including the previously paid interim dividend of 31 yen per share, dividends for the fiscal year ended March 31,2017, will total 70 yen per share.

From the fiscal year ending March 31,2018, onward, the Company aims to pay dividends equivalent to more than 25% of its consolidated profit before goodwill amortization to meet shareholders’ dividend expectations.
In accord with this revised dividend policy, for the fiscal year ending March 31,2018, the Company plans to pay annual dividends of 78 yen per share, consisting of an interim dividend of 39 yen and year-end dividend of 39 yen per share, assuming that it earns consolidated net income(attributable to owners of the parent)of 110 billion yen, in line with its current forecast.