Shareholder Return


The policy is to maintain a dividend payout ratio of at least 35% (consolidated). The Company plans to pay a dividend of ¥50 per share in FY2018, with the estimated payout ratio at 112.0%.

  • * The dividend payout ratio is the percentage of net income (consolidated) paid to shareholders in the form of a dividend.

Cash dividends/Dividend payout ratio

Policy for holding treasury stock

In principle, the Company retains approximately 5% of outstanding shares, and cancels the excess portion of the treasury stock each fiscal year.

Equity ratio

Last updated : 2018/11/08