In line with our company's basic profit returns policy and the current mid-2016 three year business plan, we will maintain dividend levels, with the prospect of consolidated payout ratio of 50%.
For FY03/2018, we paid an interim dividend of ¥11 per share. And the year-end dividend, after a comprehensive consideration of performance for the year ending March 2018, the most recent dividend forecast of ¥11 per share increased by ¥1 to ¥12. As a result, we declared a total annual dividend of ¥23 (a consolidated dividend payout ratio of 51.6%).
For FY03/2019, we paid an interim dividend of ¥11.5 per share, year-end dividends are also projected to be ¥11.5 per share, meaning a prospective annual dividend of ¥23 per share (a consolidated payout ratio of 50.4%).
* On April 1, 2014 and April 1, 2016 a common stock split of 2-for-1 came into effect.
* For dividends before March 2016, the recorded values are adjusted to reflect stock split above.