On Dividends

The Group recognizes the return of profits to you, its shareholders, as one of its most important management tasks.
In determining dividends, the Group, while targeting a dividend payout ratio of 30%, follows the basic policy of distributing profits according to earnings, and in view of the current growth process, took into account the strengthening of management fundamentals and carefully weighed the balance thereof with a stable dividend payout.
The Group intends to answer the support shown by its shareholders, improve earnings and aim for a higher return of profits to shareholders.

2012 2013 2014 2015 2016
2017
(Forecast)
End of Q2 ¥15 ¥15 ¥15 ¥20 ¥20 ¥20
End of FY ¥15 ¥15 ¥15 ¥20 ¥25 ¥25
Special dividend - - ¥5 - - -
Full FY ¥30 ¥30 ¥35 ¥40 ¥45 ¥45