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.
Therefore, Kyocera Corporation has adopted a principal guideline that dividend amounts shall fall within a range based on profit attributable to owners of the parent on a consolidated basis, and has set its dividend policy to maintain a consolidated dividend payout ratio of around 50% of profit attributable to owners of the parent. In addition, Kyocera Corporation determines dividend amounts based on a comprehensive 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 other general reserves in preparation for the creation of new businesses, cultivation of new markets, development of new technologies and acquisition, as necessary, of outside management resources to achieve sustainable corporate growth.
In addition to the above-mentioned basic policy, within a certain range based on cash flow, Kyocera Corporation will implement acquisitions of its own shares when appropriate, as a powerful mechanism for enhancing shareholder returns.
Kyocera Corporation determined the amount of interim dividend for FY24 will be 100 yen per share. As Kyocera Corporation will implement the stock split with an effective date of January 1, 2024, at the ratio of 4 for 1 of all common shares, the forecast for year-end dividend for FY24 is expected to be 25 yen per share on post-split basis. The estimated annual dividend on pre-split basis is 200 yen, the same amout as the year ended March 31, 2023 and the previous forecast announced on May 15, 2023.
* The graph below is based on pre-split basis.