Dividends

Dividends Policy

We consider the proper return of profits to our shareholders to be one of our most important issues.
In the 2015 3-Year Business plan, we aimed to improve our corporate value further to attain a payout ratio higher than 30%.

Dividends

As of November 9, 2017

Interim Dividend
Per Share
Periodic Dividend
Per Share
Annual Dividend
Per Share
Period ending March 2018 (FY2017) 17 yen (forecast) 40 yen (forecast) - yen
Period ending March 2017 (FY2016) 5 yen 6 yen 11 yen
  • SMM carried out the consolidation of shares at the ratio of 2 shares to 1 share on October 1, 2017. As the second quarter-end dividend for the fiscal year ending March 31, 2018 will be paid based on the number of shares prior to the consolidation of shares, the second quarter-end dividend per share is shown in the amount prior to the consolidation of shares. The year-end dividend per share (forecast) for the fiscal year ending March 31, 2018 is shown in the amount based on the consolidation of shares and the full-year dividend is shown as “dash” in the table above, as it would cause misunderstanding in summing up the amounts. Without the consideration of the consolidation of shares, the dividend forecast for the fiscal year ending March 31, 2018 is expected to be 20 yen per share and the full-year dividend is expected to be 37 yen per share.

    Note: The above dividend forecast is based on current data available as of the time of this release. Therefore actual dividends may differ from this statement for various factors.

Dividend Fluctuations

Interim Dividend
Per Share
Periodic Dividend
Per Share
Annual Dividend
Per Share
Period ending March 2016 (FY2015) 21 yen 10 yen 31 yen
Period ending March 2015 (FY2014) 24 yen 24 yen 48 yen
Period ending March 2014 (FY2013) 17 yen 20 yen 37 yen
Period ending March 2013 (FY2012) 14 yen 20 yen 34 yen
Period ending March 2012 (FY2011) 16 yen 12 yen 28 yen
Period ending March 2011 (FY2010) 12 yen 20 yen 32 yen
Period ending March 2010 (FY2009) 7 yen 13 yen 20 yen
Period ending March 2009 (FY2008) 13 yen 0 yen 13 yen
Period ending March 2008 (FY2007) 15 yen 15 yen 30 yen
Period ending March 2007 (FY2006) 11 yen 16 yen 27 yen
Period ending March 2006 (FY2005) 0 yen 14 yen 14 yen
Period ending March 2005 (FY2004) 0 yen 8 yen 8 yen
Period ending March 2004 (FY2003) 0 yen 6 yen 6 yen
Period ending March 2003 (FY2002) 0 yen 5 yen 5 yen
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