As far as the distribution of profits is concerned, Tokuyama's basic policy is the ensure the continuous and stable payment of dividends to its shareholders. In carrying out this policy, the Company takes into consideration performance trends and the roadmap established under its Medium-Term Management Plan.
Meanwhile, the Company will apply internal reserves to investment and lending as well as capital expenditures with the aim of further enhancing its corporate value.
In fiscal 2017, the Company expects to pay out a year-end dividend of 10.0yen per share in line with the basic policy mentioned above. In addition, the Company determined to conduct 100th anniversary commemorative dividend of 10.0yen per share.
Turning to dividends for fiscal 2018, the Company intends to undertake the payment of an interim and year-end dividend of 25.0yen per share respectively.
*1 The dividend payout ratio for FY2012 is not presented, because the Company reported a net loss.
*2 Effective as from 1 October 2017, the Company conducted a share consolidation in which every five common shares was consolidated into one share.
*3 Year-end dividends of 20 yen per share for 2017 include commemorative dividends of 10 yen for the Company's 100th anniversary.