We have reaffirmed and revamped our basic policy for shareholder returns. The policy now entails actively making returns to shareholders while comprehensively taking into account such areas as consolidated results and promoting strategic investment in growing fields, which entails placing priority on cash flows with the aim of investing in growth and heightening the Company's enterprise value over the mid to long term. We are also committed to paying out dividends as an absolute amount rather than as a percentage of earnings. In addition, we are expeditiously acquiring shares of the Company.
We intend to increase our dividend to ¥30 per share in FY2015. In the previous year our dividend amounted to ¥20 per share.
Today, the Board of Directors resolved to acquire treasury shares between the dates of May 14 and August 31, of an amount not exceeding ¥10.0 billion or 10 million shares. We will also cancel 9 million treasury shares. This is equivalent to 1.8% of the total number of shares issued prior to the cancellation.
We intend to increase our dividend to ¥30 per share in FY2015. In the previous year our dividend amounted to ¥20 per share.
Today, the Board of Directors resolved to acquire treasury shares between the dates of May 14 and August 31, of an amount not exceeding ¥10.0 billion or 10 million shares. We will also cancel 9 million treasury shares. This is equivalent to 1.8% of the total number of shares issued prior to the cancellation.