Accelerate investments due to favorable performance
Major investments in FYE March 2018
-Increase production capacity for core products
-Construct new research laboratories
-Review production system
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
-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
Accelerate investments due to favorable performance
Cash flows from investment activities: JPY 59.6 billionMajor investments in FYE March 2018
-Increase production capacity for core products
-Construct new research laboratories
-Review production system
Shareholder returnsAchieve 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