kuraray


Dividend Policy

Basic Policy regarding the Distribution of Corporate Profits

The distribution of profits to shareholders is one of the Company’s top management issues. During GS-STEP, the medium-term management plan for fiscal 2015 through fiscal 2017, the Company has set a ratio of total return of 35% or more relative to consolidated Net Income Attributable to Owners of the Parent and annual dividends per share of ¥36 or higher, with a basic policy of increasing allocation of profits though continuous improvement in business results. Based on this policy, for the fiscal year ending December 31, 2017, the Company plans annual dividends of ¥42 per share (payout ratio of 35.2%), consisting of an interim dividend of ¥20 per share and a year-end dividend of ¥22 per share, assuming a forecast for consolidated Net Income Attributable to Owners of the Parent for the fiscal year of ¥42.0 billion.

(As of February 8, 2017)