SearchNotice Regarding of Dividend for the Fiscal Year Ended December 31, 2016
At a Board of Directors meeting held on January 30, 2017, a decision was made to strike dividend for the fiscal year ending December 31, 2016 as follows.
1. Details of Dividend
| Ratified Amount | Current Dividend Forecast (Announced on October 25, 2016) |
Dividend Paid for the Fiscal Year Ended December 31, 2015 | |
|---|---|---|---|
| Base Period | December 31, 2016 | Same as left | December 31, 2015 |
| Dividend per Share | 30.00 yen | 25.00 yen | 25.00 yen |
| Dividend Amount | 3,890 million yen | - | 3,241 million yen |
| Effective Date | March 30, 2017 | - | March 30, 2016 |
| Payment Source | Retained earnings | - | Retained earnings |
2. Reasons
The Company, in distributing profits in relation to the Three-Year Management Plan (2015-2017), has adopted a basic policy of paying out dividends after comprehensively considering its medium-term profit forecasts, investment plans and their resultant cash flows, among other items, while establishing a consolidated dividend payout ratio of at least 30%.
As for the dividend forecast for this fiscal year, 25 yen per share has been announced as of October 25, 2016, but the dividend has been increased to 30.00 yen per share, given the aforementioned policy and comprehensively considering earnings for this fiscal year, among other factors.
Breakdown of annual dividend
| Dividend per Share | |||
|---|---|---|---|
| Base Period | Interim | Year-end | Full Year |
| Dividend Paid for the Fiscal Year Ended December 31, 2016 | 20.00 yen | 30.00 yen | 50.00 yen |
| Dividend Paid for the Fiscal Year Ended December 31, 2015 | 20.00 yen | 25.00 yen | 45.00 yen |
