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Our basic policy for shareholders' return is “stable and attractive dividends.”
We decide the dividend levels, considering not only our annual performance but also operating cash flow forecast, investment plan for growth opportunities, and balance sheet position in the medium-term.
We plan dividends from January 2018 to March 2019* at 106 yen per share (interim dividend 21 yen & year-end dividend 85 yen).
A partial amendment to the Articles of Incorporation was approved at the 106th Annual General Meeting of Shareholders held on March 28, 2018, recording dates of interim dividend and year-end dividend have been changed since the year-end dividends for the Company's 107th business year, which is the elapsed period of the business year change.
The dividend forecast for the fiscal year 2018 is based on the accounting period for 15 months, as the change of accounting period was approved at the Annual General Meeting of Shareholders held on March 28, 2018.
The 107th term, which is the elapsed period of the business year change, is the period from 1/Jan/2018 to 31/Mar/2019. It is scheduled to be settled for fifteen months.
As we change the business year, record dates of interim dividends and year-end dividends have changed to 30/Sep every year and 31/Mar every year respectively
This change of record dates will be validated at the end of our 107th business year. Therefore, the record date of interim dividends of our 107th business year is 30/Jun/2018.