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2. Reason
For fiscal 2020, our business performed steadily overall, both domestically and overseas, while there was some impact from the novel coronavirus infection (COVID-19). Owing to this, combined with cost reductions, etc., we were able to secure profit attributable to owners of parent that exceeded previous expectations.
Our fundamental policy is to implement stable dividends taking into account our business performance and the external environment while maintaining the necessary internal reserves to ensure a sound financial position and future business development. Based on this policy, we are targeting a dividend payout ratio of 30 to 35%.
This being the case, the year-end dividend for fiscal 2020 is expected to be ¥11.5 per share, an increase of ¥1.0 from the most recent dividend forecast (¥10.5). As a result, the annual dividend per share will increase ¥1.0 year on year to ¥22.0 (an interim dividend of ¥10.5 and y ....

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