<h3 class="smt_head2">3 [Dividend Policy]</h3>
Our basic policy on profit distribution is to strengthen our financial position in preparation for future business development, while paying appropriate dividends in accordance with business performance. 
　Regarding dividends, we aim for stable and continuous payments, using a consolidated dividend payout ratio of 20% or higher as our benchmark. 
 Retained earnings are allocated to strengthening our management foundation and investments in medium- to long-term growth strategies, including overseas and new business operations. 
 We pay dividends twice annually—an interim dividend and a year-end dividend. The year-end dividend is decided by the shareholders' meeting, while the interim dividend is decided by the board of directors. 
 Our articles of incorporation provide that "the board of directors may pay an interim dividend with a record date of September 30 each year."
Our parent company, Toyo Seikan Group Holdings, Ltd., conducted a tender offer for our common shares (hereinafter, the "Tender Offer") from May 11, 2018 to June 21, 2018, with the intention of making us a wholly owned subsidiary through this process and subsequent procedures.
Since the purchase price in the Tender Offer was determined comprehensively on the assumption that no year-end dividend would be paid for the fiscal year ended March 31, 2018, the board of directors resolved at its meeting held on February 7, 2018 not to pay a year-end dividend for that fiscal year.
Dividends from retained earnings for the current fiscal year are as follows.
 
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Date of Resolution
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Total Dividend Amount
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Dividend per Share
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October 27, 2017
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503 million yen
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5.00 yen
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Board of Directors Resolution
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Our basic policy is to pay appropriate dividends based on business performance. We aim for a consolidated dividend payout ratio of 20% or higher, while maintaining stable and continuous dividends. We pay dividends twice a year—an interim dividend and a year-end dividend. We allocate retained earnings to strengthen our management foundation and to invest in medium to long-term growth strategies, including overseas operations and new business ventures.

(E01249) Dividends

Dividend Policy

Dividend per Share

Payout Ratio

Dividend Yield

Dividend History (Forecasts, Revisions, Actuals)