Return to shareholders and Dividends

Dividend Policy

The Company considers the payment of dividends as an important obligation to its shareholders. The Company’s basic policy is to decide on dividends after considering the profit level for the term and the need for internal reserve to be used in future business expansions.

The internal reserve will be used for capital investment in businesses in the “growth-accelerating” category to ensure sustainable growth of profit. The internal reserve will also be used for R&D and for measures to improve financial strength.

Trends of Dividends

(Unit; yen)

	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026 forecast
Q2 dividends per share	0.0	20.0	50.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
End of term dividends per share	50.0	100.0	80.0	65.0	65.0	65.0	65.0	65.0	65.0	65.0
Annual dividends per share	50.0	120.0	130.0	65.0	65.0	65.0	65.0	65.0	65.0	65.0

* Until 2021, the dividend amount of the former Showa Denko K.K. are shown above.