Kyocera Corporation believes that the best way to increase corporate value and meet shareholders' expectations is to improve future consolidated performance on an ongoing basis.Kyocera Corporation therefore has adopted the principal guideline that dividend amounts be within a range based on net income attributable to Kyocera Corporation's shareholders on a consolidated basis, and has set its dividend policy to maintain a payout ratio of around 40% of consolidated net income attributable to Kyocera Corporation's shareholders. In addition, Kyocera Corporation determines dividend amounts based on an overall assessment, taking into account various factors including the amount of capital expenditures necessary for medium to long-term corporate growth.
Kyocera Corporation also has adopted policies to ensure a sound financial basis, and, for such purpose, it sets aside as general reserve in preparation for the creation of new businesses, exploitation of new markets, development of new technologies and acquisition, as necessary, of outside management resources to achieve sustainable corporate growth.
Pursuant to the basic policy set forth above and based on full-year performance for FY18, Kyocera Corporation distributed a year-end dividend for FY18 in the amount of 60 yen per share. When aggregated with the interim dividend in the amount of 60 yen per share, the total annual dividend was 120 yen per share, 10 yen increase as compared with FY17.
Released on April 26, 2018: Kyocera Corporation forecasts a total annual dividend for FY19 in the amount of 120 yen per share.