Stock and Bonds

Dividend Information

Dividend Policy

Under the Medium-Term Management Policy updated in 2019, the Company has been giving top priority to utilizing the generated cash flows to invest for foundations for growth including domestic and foreign M&As and also reduce the debt for enhancing our investment capability. In terms of shareholder returns, we have aimed to steadily increase dividends, targeting a dividend payout ratio of 35% (IFRS basis) by fiscal 2021.
*Dividend payout ratio is calculated after the deduction of one off special factors including business portfolio restructuring and foreign exchange impact.

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 >
2015 2016 2017 2018 2019(E)
Interim Dividend 24.0 26.0 30.0 45.0 52.0(E)
Year-end Dividend 26.0 28.0 45.0 54.0 54.0(E)
Total Dividend 50.0 54.0 75.0 99.0 106.0(E)
Basic earnings per share 166.3 194.8 262.2 329.0 331.8(E)
Dividend payout ratio 30.1 27.7 28.6 30.1 31.9(E)