Policy of payment dividends.

Basic policy of YAC group is to let corporate value keep increasing continuously and to return profit to shareholders corresponding amount to corporate operating result In s. order to achieve our basic policy, we endeavor to strengthen corporate body, to proceed our R&D activities and to pay dividends stably with considering the amount of retained earnings balance to cope with the changes of atmosphere.

We stipulate in the Articles of Incorporation that it is possible to make interim dividends as stipulated in Article 454, Paragraph 5 of the Companies Act and when we pay dividends an interim dividend and a year end dividend. The decision-making bodies for dividends are the Board of Directors for interim dividends and the General Meeting of Shareholders for year-end dividends.

 

Historical figure of cash dividends.

2015/03 2016/03 2017/03 2018/03 2019/03 2020/03
(Expected)
Dividend Per Share(yen) 1Q ------
2Q 10.0010.0010.0010.0010.0010.00
3Q ------
FY-End 10.0010.0010.0010.0010.0010.00
Total 20.0020.0020.0020.0020.0020.00
Amount of Dividends(million yen) 178178178179180-
Payout Ratio(%) 27.9636.922.644.516.419.7
Ratio of Total Amount of Dividends to Net Assets(%) 1.31.31.31.21.2-