Stock and Bonds

Dividend Information

Dividend Policy

As a holding company of the Group, under the “Medium-Term Management Policy”, the Company is strengthening earning power by positioning the domestic profit base as the cornerstone of earnings and the overseas business as a growth engine. The Company is also giving top priority to utilizing the generated cash flows to acquire foundations for growth including domestic and foreign M&As. In terms of shareholder returns, the Company aims to steadily increase dividends, targeting a dividend payout ratio of 30% (IFRS basis) by fiscal 2018.

Fixed Date of Dividend Payout and Starting Date of Payout

Interim Dividend Year-end Dividend
Date of record June 30 December 31
Payment date Late August - Early September The following business day of the Annual General Meeting of Shareholders

Historical Data on Dividends per Share

(yen / %) < J GAAP > < IFRS >
2013 2014 2015 2016 2017(E)
Interim Dividend 21.5 22.0 24.0 26.0 30.0
Year-end Dividend 21.5 23.0 26.0 28.0 30.0
Total Dividend 43.0 45.0 50.0 54.0 60.0
Basic earnings per share 135.73 148.92 166.25 194.75 209.55
Dividend payout ratio 31.7 30.2 30.1 27.7 28.6