Dividend policy

DOWA regards the payment of dividends to stockholders as one of its top management priorities. The Company sets out a policy of increasing dividends as performance allows, while ensuring sufficient internal reserves for bolstering the corporate structure and expanding business in the future in line with the basic principle of maintaining stable dividends.

※We consolidated common shares at the ratio of five shares to one share on October 1, 2017.
  Dividends per share (yen) Payout ratio (%)
FY2017 (the year ended March 31, 2018: the 115th period) 90.00※ 21.6
FY2016 (the year ended March 31, 2017: the 114th period) 18.00 20.4
FY2015 (the year ended March 31, 2016: the 113rd period) 18.00 24.4
FY2014 (the year ended March 31, 2015: the 112nd period) 18.00 20.1
FY2013 (the year ended March 31, 2014: the 111st period) 15.00 19.0

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