We recognize the most important issue of management is return to shareholders, therefore, our target of total return ratio remains more than 30% in the Fifth Mid-Term Management Plan as Fourth Mid-Term Management Plan
Regarding the year-end dividend for the fiscal year ended March 31, 2020, considering that the initial target for profit attributable to owners of parent was achieved, GS Yuasa paid a fiscal year –end dividend of ¥35, adding to the ¥15 midterm distribution for a full-year dividend per share of ¥50. The consolidated payout ratio will therefore be 29.7%.
Additionally, the Company plans to conduct share buybacks worth ¥1.5 billion as a way to further return profits to shareholders (¥1,378 million worth of share buybacks were conducted in the previous fiscal year).
Including the share buyback, the total shareholder return ratio for the fiscal year ended March 31, 2020, will be 34.9% (based on profit attributable to owners of parent before goodwill amortization).
GS Yuasa consolidated its shares with a ratio of five shares of common stock into one share, effective on October 1, 2018. The Per-share indication before the consolidation of shares is calculated as if the consolidation of shares had conducted.
We don’t have but our policy is to return profits through dividends.