Hanwa considers sustainable return to shareholders to be one of its most important policies. We has always made consistent distribution of stable dividends to shareholders its primary policy. Dedicated to constant improvement in profitability, we aim to increase dividends as basic revenue levels improve and returns from strategic investments accrue.
We also made efforts to further improve our corporate value by measures such as making effective use of retained surplus, to strengthen our management foundation; and investing in growth and new businesses.
While continuing these basic policies, in the Medium-Term Business Plan (FY 2020 to FY 2022), we aim to build up shareholders’ equity of 200 billion yen or more by the end of FY 2022. We also aim to advance further our foundations for long-term growth and the strengthening of our financial base.
Our basic policy is to pay interim and year-end dividends in each fiscal year. The board of directors determines the interim dividend, while the year-end dividend requires the approval of shareholders.
|Cash divedends per share||Net income per share
|Dividend payout ratio
||75.00||25.00||100.00||( 336.51 )||-|
Note: Effective October 1, 2017, HANWA consolidated its common shares at the ratio of 5 shares to 1 share. Accordingly, the impact of this share consolidation is taken into consideration in the amount presented for the fiscal year-end dividend per share for the year ended March 31, 2018, and the amount for the total annual dividends per share for the same fiscal year is omitted and shown as a dash.If the share consolidation was taken into consideration , the second quarter dividend and annual dividend for the fiscal year ended March 31, 2018 would be 50.00 yen and 125.00 yen, respectively.