The trend of dividends paid and to be paid by Asahi Kasei Corp.
The annual dividend for fiscal 2011 was raised by ¥3 per share from the previous year to ¥14 per share. We aim to maintain this dividend for fiscal 2012 reflecting forecasted consolidated financial results.
Our basic policy is to strive to continuously increase dividends through earnings growth while maintaining an appropriate cash reserve based on consolidated income.
Our cash reserve will be used as a source of funds required in order to achieve future earnings growth by expanding operations, both through investments in established businesses and through strategic investments and new business development expenditures in fields related to the environment and energy, residential living, and health care as the strategic focus of “For Tomorrow 2015.” We aim to continuously increase dividends by expanding earnings under “For Tomorrow 2015,” with a basic standard for payout ratio of 30%.
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