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Dividend Policy

Capital policy

The fundamental policy of the Press Kogyo Group is to aim for sustainable growth and to increase corporate value over the medium- to long-term through business activities, while maintaining the necessary level of shareholders’ equity and providing sustainable and stable returns to shareholders. For the medium-term business plan covering the period from the March 2020 fiscal year to the March 2024 fiscal year, the target for total shareholder return is 25% (five-year average).

  1. Maintenance of necessary shareholders’ equity level
    Financial soundness shall be ensured by comprehensively considering investment for growth, the ability to respond to operational risks, maintenance of ratings, etc.
  2. Dividend policy
    The dividend amount for each period is determined by comprehensively considering performance and capital demands, among other factors. The frequency of dividend payments shall be twice a year, in principle.
  3. Acquisition of treasury shares, etc.
    Changes in the business environment will be responded to flexibly, and financial measures leading to increased corporate value, such as the acquisition or cancelation of treasury shares, will be implemented.

Dividend

(Unit: yen)

  FY 2015 FY 2016 FY 2017 FY 2018 FY 2019 FY 2020
Annual dividends per share
(Interim dividends per share)
11.00
(5.00)
11.00
(5.00)
11.00
(5.00)
12.00
(6.00)
14.00
(6.50)
13.00
(6.50)
Total return ratio 18.8% 21.3% 22.7% 22.3% 20.3% 56.7%
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