We focus on the “total return ratio” that combines dividends and share buy-backs, while retaining a robust financial base commensurate with the line of business and internal reserves necessary for the future business expansion. For the three-year period from the fiscal year ended March 31, 2016 through the fiscal year ending March 31, 2018, the Company sets an objective of 100% for the average total return ratio. With regard to the annual dividend combining interim dividend and year-end dividend, we set a “50% payout ratio and 4% DOE” as the minimum objective. Our policy for share buy-backs is to conduct them with flexibility by comprehensively considering the market price of the Company’s share, its liquidity, number of individual shareholders, and other circumstances.
|Dividend per share
|Net income (bil.yen)||2.2||6.6||7.6||8.0||8.0|