Meiji Holdings Co., Ltd. Meiji Holdings Co., Ltd. Financial Results - For the FYE March 2017 -  


Use of Cash Flows

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Cash flows from operations: JPY 97.9 billion

Accelerate investments due to favorable performance

Cash flows from investment activities: JPY 59.6 billion

Major investments in FYE March 2018

 -Increase production capacity for core products

 -Construct new research laboratories

 -Review production system

Shareholder returns

Achieve stable, continuous shareholder returns, targeting dividend payout ratio of 30%

Planned FYE March 2018 full-year dividend: JPY 115

 -FY2016 commemorative dividend of 20 JPY will be a normal dividend and we will increase that by an additional JPY 5.

Forecasting dividend payout ratio: 27.7%

 -Increase the dividend amount and the dividend payout ratio in line with the policy

Allocation of cash other than investments and dividends

 -Will determine based on future capital needs and optimal capital structure

 -Will maintain the current level of interest-bearing loans if there are no unexpected capital needs