We will maintain a total return ratio of 80% to retun profits to shareholders.
The Daito Group maintains stable dividend payments. In
specific terms, our dividend payments consist of a base
dividend and an additional profit return component that
reflects our business performance.
We have issued an annual cash dividend payment of
\536 per share for FY2016, a \104 increase compared
to the previous fiscal year. In addition, we plan to spend
\24.7 billion, or 30% of net income attributable to owners
of the parent for the fiscal year under review, for the
acquisition of 1.58 million shares of treasury stock and
to extinguish these shares in March 2018. As a result,
the payout ratio will be 50%. Combined with the acquisition
and extinguishment of treasury stock worth 30%
of annual net income, the total return ratio will be 80%.
For FY2017, we plan to issue an annual cash dividend
of \559 per share, an increase of \23 year on
year. We also plan to continue to acquire and extinguish
The total shareholder return over the three-year
period from FY2014 to FY2016 was 23.9%. This has
even outperformed TOPIX (8.8%) over the same period.