Amid a rapidly changing business environment, Fuji Seal International has sought to raise corporate value by continually developing new products, applications and markets, and achieving sustained growth. To that end, the Fuji Seal Group considers the following to be its most important management challenges: 1) maintaining policies that continually promote aggressive investment of internal reserves and, 2) returning profits to shareholders based on Company performance. The Group has set a medium-term minimum payment ratio target of 20% on a consolidated basis.
The year-end dividend for the fiscal year ended March 31, 2016 has been stayed \21 per share. The Group will thus pay an annual dividend of \42 per share, which includes the already paid interim dividend (\21 per share), for a consolidated dividend payout ratio of 28.5%.
In the fiscal year ending March 31, 2017, the Group seeks to maintain a consolidated dividend payout ratio of 20% and expects to pay an annual dividend of \44 per share, representing a \2 regular dividend increase. The Group therefore expects a dividend payout ratio of 21.2% on a consolidated basis for the fiscal year ending March 31, 2017.