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Dividend Information
Our Principles of Paying Dividend

We place a top priority in our management on returning of profit to our shareholders judging in a comprehensive manner the facility investment, R & D investment for further business development and strengthening of shareholders capital for solid financial base.

As for the appropriation of retained earnings, we will have a payment of dividend once in the end of the fiscal year. The articles of association describe that an interim dividend is possible.

Decision making on dividend is made by a board meeting for interim dividend and a shareholders general meeting for year-end dividend.

  Dividends Per Share Total
Dividend Value(Annual)
Payout Ratio
Dividend On
Equity Ratio
  Interim Year-end
  yen yen yen yen % %
March 2017 3.0 0.0 3.0 2,424 million 19.9 1.0
March 2016 4.0 0.0 4.0 3,232 million 42.5 1.4
March 2015 2.0 0.0 2.0 1,616 million 17.2 0.7