Tsubaki at a Glance
Profit Distribution Policy
The return of profit to our shareholders is one of our highest management priorities. The return of profit to our shareholders is one of our highest management priorities. To emphasize our shareholders, the Tsubaki Group’s basic profit allocation policy calls for consolidated earnings to be reflected in dividend payments. Funding status and financial standing will also be comprehensively considered as we aim to raise Tsubaki’s consolidated dividend ratio to 30%.
We plan an annual dividend for FY2018 of 24 yen per share based on forecast consolidated results and the above dividend ratio policy.
(Interim dividend: 12 yen per share, year-end dividend: 12 yen per share)
* On October 1, 2018 (effective date), the Tsubaki Group intends to pursue a share consolidation at a ratio of one (1) post-consolidation share for every five (5) pre-consolidation common shares. Such consolidation is not taken into account for the annual dividend per share for FY 2018. However, if such consolidation had taken place at the beginning of the fiscal year, the annual dividend per common share would have been 120 yen. There is no change in the dividend payout ratio (consolidated).