Shareholder Return

Mid-Term Management Plan (2018-2020): “Shinka 2020” Dividend Policy

We aim to enhance retained profits for investment aimed at increasing corporate value and further improvement of the financial structure in preparation for mid-to-long term risks.
During “Shinka 2020”, the target of the consolidated dividend payout ratio is more than 20% as the stable and continuous dividend payment and we also consider to perform flexible profit returns based on performance including share buyback.

Dividend Growth