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Policy for Deciding How to Dispose of Retained Earnings including the Amount of Dividend

Our goal of dividend ratio is 30% of net consolidated income for the term, and we will always try to return an amount that correspond to the performance. It will be given out in two payments a year, at mid-year and year end.

History of Dividend

2008 2009 2010 2011 2012 2013 2014 2015 2016
(Forecast)
Dividend per Share (¥) 10 10 10 10 14 23 26 -
※1
68
Dividend Ratio (%) 0.0 - 67.3 36.9 28.3 17.7 35.2 30.2 31.1
※1
TOTO conducted a share consolidation in which every two common shares was consolidated in to one share with October 1, 2015, as the effective date. The amount for the total annual dividends per share for the year ending March 31, 2016 is omitted and shown as a dash.


Please see "Fact Book (298KB)" for changes in the amount of dividend and dividend ratio for the past ten years.