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. Kuraray will continuously and stably pay out dividends, taking into consideration business performance and financial standing while carefully securing internal reserves, which are its primary source of funds for business development.

We decided to pay out a ¥20-per-share interim dividend for fiscal 2018 that, combined with the year-end dividend, will bring the full-year dividend to ¥42 per share. Moreover, due to the acquisition of 2.2 million in treasury shares during first half of 2018.

During PROUD2020, the medium-term management plan for fiscal 2018 through fiscal 2020, the Company will uphold a basic policy of increasing the distribution of profits through continuous improvement in business results. It has set targets of a total return ratio of 35% or more, reflecting net income attributable to owners of the parent, and annual dividends per share of ¥40 or higher.

(As of August 9, 2018)