Basic policy regarding return of profits to shareholders
Recognizing that shareholders' interests represent one of the Company's highest management priorities, the Company has been striving to meet shareholder expectations by working to maximize its corporate value through a diversity of business operations worldwide.
The Company aims to balance aggressive growth investments with stock dividends and loan repayments and provide shareholder returns that reflect comprehensive consideration of the business environment, including trends in business performance and retained earnings, while maintaining a minimum dividend payout ratio of 20% of consolidated net income.
1. Forecast for Cash Dividends
Taking into account that the revised forecast of consolidated financial results for the fiscal year ending December 31,2013,announced August 6,2013, represents an improvement over the previous forecast, the Company has revised the full-year dividend forecast to ¥20 per share(original forecast of ¥ 17)on the basis of a devidend payout ratio of 20% of condolidated net incom. Accordingly,the Company has decided to pay an interim dividend of ¥10 per share and has revised the year-end devidend forecast to ¥10 per chare.
||Forecast for December 2013|
|Interim Dividend||Year-end Dividend(Forcast)||Annual Dividend(Forcast)|
|Dividend per share (Yen)||10||10||20|
2. History of Dividend per Share (Yen)
|Interim Dividend||Year-end Dividend||Annual Dividend|