Information to help investors gain a deeper insight into who we are
Who are we?
We proactively return profits to shareholders while striving to enhance medium- to long-term value.
■Emphasis on ROE
We emphasize ROE, an indicator of earnings power, while aiming to take full advantage of shareholders’ equity.
Our ROE in FY2015 was 14.6％, which exceeds TSE 1st section average 7.2％.
*Source: Mizuho Securities
■Aiming for dividend payout ratio of 40％ and total payout ratio of 70%
Our target has been a dividend payout ratio of 30% or higher.
About share repurchases, we have repurchased 45.5 billion yen (17% of shares issued) from FY2006 to FY2015.
In the New Medium-Term Business Plan “Vista2021”, our new target about a dividend payout ratio is to increase in a stepwise manner from FY2016 and onward aiming for 40% in FY2018.
About a total payout ratio, We maintain 70%.
New Medium-Term Business Plan “Vista2021” Financial Indicators
|Dividend payout ratio||30.7%||40%||40%|
|Total payout ratio||70.8%||Maintain
- ROE (Return on equity) : Net income ÷ Shareholders’ equity
The ratio of net income to shareholders’ equity.
This ratio shows the extent to which shareholders’ equity was used to generate profits.
- EPS (Earnings per share) : Net income ÷ Number of shares issued
This shows the amount of net profits per share.
- Dividend payout ratio: Dividend payment amount ÷ Net income
This ratio shows the extent to which net income is returned to shareholders in the form of dividends.
- Total payout ratio : (Dividend payment amount + Share share repurchases amount) ÷ Net income
This ratio shows the extent to which net income is returned to shareholders in the form of dividends and share repurchases.