We will maintain a strong financial base that secures stability in case of changes in business environment such as economic crises and flexibility enabling expeditious responses to business investment opportunities.
Shareholder return policy
We aim to enhance shareholder returns considering the Company’s mid- to long-term profit growth trend, while striking a balance to profit growth through business investments and maintaining a strong financial base as mentioned above.
In particular, we will work toward stable and consistent increase of dividend per share. Dividend payout ratio is not an indicator for our management target, although it will be taken into consideration when deciding the dividend amounts.
As for considering implementing a share buy-back program, we will take into account our mid-term operating environment and financial outlook.
We will also continue to closely monitor the shareholder returns of global FMCG companies that have a stakeholder model similar to our 4S model and that have achieved strong business growth.
Our resource allocation policy in Business Plan 2020