Dividend policy, Dividend
Dividend policy
We believe that providing returns through ongoing improvements to corporate value is an important management issue, and have adopted a basic policy of maintaining stable dividends while at the same time augmenting shareholders’ equity and improving profitability.
The Company primarily utilizes internal capital reserves for R&D and global business development, and endeavors to secure profit in the medium to long term and strengthen its financial structure.
In the near term, the Company will gradually raise its dividend ratio, taking into account earnings, financial conditions, and the management environment in a comprehensive way, and has set a target that secure payout ratio equal or more than 20% in the medium term, on the premise that annual dividends per shareholder do not fall short of dividends in the previous year.
The Board of Directors decided to stipulate in the Articles of Incorporation that the Company can use retained earnings for dividends. The Company has set a basic policy of paying two dividends a year, namely an interim dividend and a year-end dividend.
Please see below for information on dividend forecasts.
Trends in Dividend and DOE
Shareholder Benefits
There is no Shareholder Benefit Prgram.
November 12, 2021 Notice Concerning Abolition of Shareholder Benefit Program