The Board of Directors resolved over the payment of the dividend for the year-end dividend for the Fiscal Year 2016 ending December 31, 2016 and the dividend policy for Fiscal Year 2017.
Resolved | Most Recent Forecast (announced on February 6, 2017) |
|
Record Date | December 31, 2016 | December 31, 2016 |
Dividend per Share | 16 yen | 16 yen |
Total Amount of Dividend Paid | 371 million JPY | - |
Effective Date | March 6, 2017 | - |
Dividend Resource | Retained Earnings | - |
As of December 31, 2016, the total number of issued shares is 23,944,317 shares and of which 733,599 shares are treasury stocks. Therefore, 23,210,718 shares would be those for which the year-end dividend be distributed. |
The Company’s basic policy for the return of profits to shareholders is to deliver dividends in consideration of a consolidated dividend payout ratio (25% to 30%) with top priority on the profit distribution through dividends.
Regarding the payment method of dividends, the Company pays quarterly the amount obtained by dividing the amount of scheduled annual dividend into quarters. In addition, in order to have dividends reflect the consolidated business results, if the dividend amount calculated according to the consolidated dividend payout ratio (25% to 30%) exceeds the scheduled amount of annual dividend, it is the Company’s policy to add the excess amount to the year-end dividend.
The dividend payment schedule for Fiscal Year 2017 is:
Fiscal Year | 1st Quarter | 2nd Quarter | 3rd Quarter | 4th Quarter | Total |
2017 (plan) | 6 JPY | 6 JPY | 6 JPY | 6 JPY (plan) |
24 JPY (plan) |