Distribution to Shareholders

Dividend policy

Returning adequate earnings to shareholders is as important to us as strengthening our financial condition and management fundamentals. As such, we are determined to distribute earnings to shareholders in line with business performance.

Retained earnings will be used to enhance capital through a balance of investments for the long-term growth of corporate value, and in strengthening the group's financial condition to facilitate flexible capital policies.

Dividends to shareholders
Annual dividend per share
Earnings per share
*The common shares in Funai Soken Holdings were split twice in recent years: a one-for-1.2 split January 1, 2016, and a one-for-1.5 split on January 1, 2018. For the purposes of this section, dividends per share and earnings per share are calculated as if the stock splits had been conducted at the beginning of FY2013. Actual dividend amounts are listed below.


Return-to-shareholders ratio
Dividend on equity ratio

Financial position 2013 2014 2015 2016 2017
Annual Dividend per share (after split) (yen) 16.1 17.8 20.0 24.0 30.0
Annual Dividend per share (before split) (yen) 24.1 26.6 30.0 36.0 45.0
Earnings per share (yen) 39.13 34.77 47.83 50.41 63.37
Return-to-shareholders ratio (%) 41.2 51.1 52.7 67.0 47.3
Dividend payout ratio (%) 41.2 51.1 41.8 47.6 47.3
Dividend on equity (%) 5.4 5.6 5.9 6.5 7.5