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Interview - Information for our Shareholders

Initiatives to enhance corporate value

Could you tell us about your thinking and initiatives in the area of CSR?

We will make an effort to enhance corporate value to maintain stable dividends.

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We regard increasing returns to shareholders while attempting to reinforce the corporate base for the future through an improvement in Sanyo Chemical Group's profitability as our important management issue. Our fundamental policy is to maintain stable dividends, targeting a consolidated payout ratio of 30% or higher.


We revised to pay the year-end dividend in FY2016 of ¥55 per share (increasing ¥10 from an interim dividend of implemented last December) with the standard after the reverse stock split* (at a ratio of one share for every five shares) in order to further increase returns to shareholders. It results in paying an annual dividend of ¥100 per share in FY 2016, which includes an interim dividend of ¥45. In FY2017, we forecast an interim and year-end dividend in fiscal year 2017 of \55 each, for an annual dividend of \110 per share.

*The standard after the reverse stock split: Conventional cash dividends paid per share is converted five times because Sanyo Chemical conducted a reserve stock split at a ratio of one share for every five shares. The interim dividend in FY2016 is converted to ¥45 from ¥9 with the standard after the reverse stock split.

What are your thoughts regarding the kind of company Sanyo Chamical should be going forward?

We continue an organizational reform and aim to achieve the objective of the Ninth-Medium-Term Management Plan. We look forward to your continued guidance and support.

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We promote the organizational reform to convert into the stable earning structure without affecting the change of the outside business environment. We strive to achieve the objective of the Ninth-Medium-Term Management Plan, to develop to be "a major corporation in name and in reality" to be proud of. ?We look forward to your continued guidance and support.

 

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