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 profit attributable to owners of the parent on a consolidated basis, and has set its dividend policy to maintain a payout ratio of around 40% of consolidated profit attributable to owners of the parent. 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.
Kyocera Corporation has resolved that its interim dividend for FY19 will be 60 yen per share based on the principal guideline.
Kyocera Corporation forecasts payment of its year-end for FY19 in the amount of 60 yen per share, and therefore has not changed its annual dividend forecast of 120 yen per share as previously announced.