Dividend Policy

Basic Policy regarding the Distribution of Corporate Profits

The distribution of profits to shareholders is one of the Company’s top management issues. During GS-STEP, the medium-term management plan for fiscal 2015 through fiscal 2017, the Company has set a ratio of total return of 35% or more relative to consolidated Net Income Attributable to Owners of the Parent and annual dividends per share of ¥36 or higher, with a basic policy of increasing allocation of profits though continuous improvement in business results. In fiscal 2017, Kuraray paid out a ¥20 interim dividend, but with the revision of business results announced on August 9, 2017, the Company has not yet decided on a method for returning profit to shareholders for the current fiscal year.

(As of August 9, 2017)