Daifuku regards the return of profits to shareholders as its most important management task and has adopted a performance-based policy for cash dividends based on consolidated net income, with the aim of achieving additional profit distribution to shareholders. We appropriate the remaining surplus to internal reserves for future growth.
Under its four-year business plan, Value Innovation 2020, Daifuku aims to achieve a dividend payout ratio of 30% and increase its corporate value through investment in growth.
For the fiscal year ended March 31, 2017, Daifuku paid an interim dividend of 12 yen per share, and the Board of Directors passed a resolution to pay a year-end dividend of 30 yen per share at a meeting held on May 11, 2017, making the annual dividend 42 yen per share. The year-end dividend includes a commemorative dividend of 5 yen for celebrating its 80th anniversary in May 2017.
With respect to dividends for the fiscal year ending March 31, 2018, the Company plans to pay an annual dividend of 47 yen per share (an interim dividend of 15 yen per share and a year-end dividend of 32 yen as common dividends), taking into consideration the earnings forecast for the fiscal year ending March 31, 2018 and the basic policy described above.