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, of outside management resources to achieve sustainable corporate growth.
Pursuant to the basic policy set forth above and based on the financial results for the six months ended September 30, 2017 and the financial forecasts for the year ending March 31, 2018, Kyocera Corporation has set up interim dividend of 60 yen per share, up 10 yen compared with the previous first half.
Kyocera Corporation forecasts an annual dividend of 120 yen per share, up 10 yen compared with the year ended March 31, 2017.