Financial Highlights and Earnings Distributions

Financial Highlights

(millions of yen)

  2016/3 2017/3 Year-on-year change
Net sales 74,089 73,198 -1.2%
Ordinary income 9,660 11,788 +19.9%
Net income 6,387 9,034 +41.4%

Dividends

(yen)

  2014/3 2015/3 2016/3 2017/3 2018/3(forecast)
Interim 25.0 25.0 35.0 40.0 45.0
Year-end 25.0 35.0 35.0 50.0 45.0
Total 50.0 60.0 70.0 90.0 90.0
Payout ratio (%) 20.8 24.6 31.6 28.1 31.1

* The FY2015/3 year-end dividend and the FY2017/3 year-end dividend includes a ¥10 commemorative dividend.
* The FY2018/3 dividend and dividend payout ratio are the forecasts announced on May 10, 2017 with FY2017/3 results of operations.