Dividends

Last Updated: August 10, 2017

Dividend Policy

Our basic policy is to maintain stable dividends while securing sufficient internal reserves to support our business development and fortify our financial position.

Dates of Record for Dividends

December 31 for year-end dividend and June 30 for interim devidend.

Dividends

Per share

Interim Year end Full Year
Fiscal 2011(4-12/11)(Note 1) ¥ 3.00 ¥ 4.00 ¥ 7.00
Fiscal 2012 ¥ 8.00 ¥ 12.00 ¥ 20.00
Fiscal 2013 ¥ 10.00 ¥ 12.00 ¥ 22.00
Fiscal 2014 ¥ 12.00 ¥ 14.00 ¥ 26.00
Fiscal 2015 ¥ 13.00 ¥ 26.00(Note 2) ¥ –(Note 3)
Fiscal 2016 ¥ 26.00 ¥ 26.00 ¥ 52.00
Fiscal 2017(Note 4) ¥ 31.00 ¥ 31.00(proposed) ¥ 62.00(proposed)

Notes:

1:Yokohama switched in 2011 to a calendar-year fiscal term, which resulted in a one-time-only nine-month fiscal term.

2:Yokohama carried out a one-for-two share merger effective July 1, 2015. The company has accounted for that merger in calculating  the dividend payable to shareholders of record as of December 31, 2015.

3:The aggregate annual dividend conforms with management’s projection announced in February 2015, adjusted for the share merger.

4:The interim and year-end dividends for fiscal 2017 each include a special, centennial dividend of ¥5.

1:Yokohama switched in 2011 to a calendar-year fiscal term, which resulted in a one-time-only nine-month fiscal term.

2:Yokohama carried out a one-for-two share merger effective July 1, 2015. The company has accounted for that merger in calculating  the dividend payable to shareholders of record as of December 31, 2015.

3:The aggregate annual dividend conforms with management’s projection announced in February 2015, adjusted for the share merger.

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