Basic policy on the profit of distribution
Kondotec regards return of profits to shareholders as an important management policy and reinforcement of the financial standing makes an effort to improvement of earning capacity, as well as works on improvement of the capital efficiency, while also planning for expansion of a strategic investment by M&A and an aggressive business investment for growth.
Paying stable and continuous dividends to shareholders setting objectives more than 2.5% DOE while paying attention to consolidated performance and dividend payout ratio element is our basic policy.
DOE is the ratio of dividends returned from net assets. By adopting DOE as an index, we will enable stable dividends regardless of temporary fluctuations in profits. We also aim for ROE of 10% or higher, which indicates capital efficiency. This means that by earning profits above a certain level each fiscal year, the consolidated net assets that form the basis for determining the dividend will increase, and as a result, we will be able to continuously increase dividends.
Transition of dividend