We consider the stable return of profits an important management priority for raising shareholder value. Balancing demands for cash, we strive to maintain a sound financial structure and prioritize investments to expand the business over the medium to long term. At the same time, we aim to provide stable dividends and aim for a dividend payout ratio of 30%, raising dividends in line with increases in operating performance.

2015/03 2016/03 2017/03 2018/03 2019/03 2020/03
Dividend Per Share(Yen) 1Q ------
3Q ------
FY-End 9.2511.007.5014.0017.0019.00
Total 9.2511.0012.5019.0022.0029.00
Amount of Dividends(Millions of Yen) 5056016831,0391,203-
Payout Ratio(%) 23.382.621.022.425.230.5
Ratio of Total Amount of Dividends to Net Assets(%)

At a meeting held January 21, 2019, the Infocom Corporation board of directors approved a two-for-one share stock split with the effective date of March 1, 2019.
Figures for dividend per share reflect calculations after to stock split.