Dividend Policy
Basic Policy regarding the Distribution of Corporate Profits
The distribution of profits to shareholders is one of the Group's top management issues. The global economic crisis that began in September 2008 significantly damaged Kuraray's earnings structure. To quickly revive it, Kuraray is currently carrying out its medium-term action plan called "GS-Twins" (fiscal 2009 to 2011). Target of profit allocation during the period is to achieve 30% or more dividend payout ratio to consolidated net income, which we will materialize by focusing on the continuous improvement in our business performance.
A year-end dividend was ¥8 as of March 31, 2010. Added to the interim dividend, this will be a total of ¥16 per share for the fiscal year, and the dividend payout ratio will be 34.1%.
Assuming a net income for the year ending March 31,2011 of ¥24 billion, an annual dividend of ¥24 per share is planned for the year ending March 31,2011, which will be an increase of ¥8 per share from the year ended March 31, 2010, and the dividend payout ratio will be 34.8%.
Trends of Dividends and Payout ratio
