Shareholder Returns and Dividends
Basic policy on shareholder returns
The Company regards the return of profits to its shareholders as a key management priority. Our basic policy is to return profits in accordance with corporate earnings while focusing on maximizing corporate value and maintaining sufficient internal reserves to support active business expansion and other development. In order to further clarify our position regarding shareholder returns, we have established a benchmark consolidated payout ratio of approximately 40%. We will pursue a sustained allocation of profit, taking into account consolidated results, ROE, and other factors.
|Dividends per share||2014/3||2015/3||2016/3||2017/3||2018/3
|Dividend per share
|Payout ratio (%)||30.3||41.6||42.1||41.1||68.6|
Annual dividends per share
- ※Gurunavi implemented a 2-to-1 split on April 1, 2014. To facilitate comparison, the above shows this share split as having been carried out at the beginning of FY2012.