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Investor Relations

Performance Indicators and Basic Policy on
Profit Distribution

We will make steady progress toward achievement of the target performance indicators.

FY2018 FY2019 FY2020(Forcast)
Operating margin 5.6% 5.8% 4.9%
EPS 33.51yen 28.89yen 20.60yen
ROE 9.2% 7.9% -
Total annual dividend
(Of which, interim dividend)
25yen
(12yen)
25yen
(12yen)
25yen
(12yen)
Expected consolidated dividend payout ratio 74.6% 86.5% -
  • We will engage in management that emphasizes productivity, added value, and capital efficiency to achieve an operating margin of 10% or higher and ROE of 30% or higher.
  • We will maintain a target dividend payout ratio of 50% under a basic policy of maximizing shareholder value.
  • We will emphasize capital efficiency improvement and purchase treasury stock when the timing is appropriate.