Returning Profits

We offer dividends and shareholder benefits as our way of returning profits to shareholders. We believe that offering our products as shareholder benefits helps shareholders gain a better understanding of our company.

Dividends

We believe that returning profits to shareholders is a management priority. Our basic policy is to offer dividends balanced against corporate needs, to invest reserves for long-term growth and starting new business, and to hold reserves against corporate risk. Our specific dividend target is to deliver a consolidated dividend payout ratio (disregarding exceptional factors) of at least 40%.

Forecast Dividend per Share

FYE March 2019   
60 yen (30 yen interim dividend)

Date of Record

Interim: September 30   Year-End: March 31

Dividends/Payout Ratios
FYE March
2014
FYE March
2015
FYE March
2016
FYE March
2017
FYE March
2018
Dividend
(Interim/Year-End)
35
(16.5/18.5)
38
(18.5/19.5)
40
(20/20)
48
(21.5/26.5)
59
(24.5/34.5)
Dividend Payout Ratio (%) 40.0 40.2 29.3 40.3 45.3
Dividends/Payout Ratios
Dividend
(Interim /
Year-End)
Dividend
Payout Ratio
(%)
FYE March
2014
35
(16.5/18.5)
40.0
FYE March
2015
38
(18.5/19.5)
40.2
FYE March
2016
40
(20/20)
29.3
FYE March
2017
48
(21.5/26.5)
40.3
FYE March
2018
59
(24.5/34.5)
45.3

* Effective as of October 1, 2017, Mandom Corp. effectuated a 1:2 stock split. All the figures in the table above reflect the influence of the split.

Shareholder Benefits

Mix of Company products worth ¥5,000 in value, once per year, offered to all shareholders owning 100 shares or more (as of March 31).

Benefit Details

Mix of Company products worth ¥5,000

Eligibility

Shareholders owning 100 shares or more of Company stock as of March 31.

Delivery

Early June