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Latest Update : Nov.21, 2016
Back to Financial Results (FY3/2017)
Investor Meeting Presentation for 2Q FY 3/2017 held on November 2, 2016
Some of you might be disappointed with our dividend forecast, but we made the yearly dividend amount 14 yen per share, with the dividend payout ratio of around 20% in light of the new 70-yen EPS target. Since we spent a large sum of money on preventing dilution, this is the best we can do for this year. Although we were criticized by some for not increasing the dividend enough two years ago, we used the money that we saved then to build the huge Cambodian plant building No. 3 that I talked about earlier. This plant will give us a big leg up in maximizing our value to the benefit of our shareholders. From now on we will need to make investments to beef up MITSUMI's operations. I don't think MITSUMI has invested enough and this dividend forecast reflects our intention to make investments needed to increase MITSUMI's productivity.
34page (total 37pages)
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