| We plan to pay total dividends of ￥105 per share for FY2011 |
Dividends Policy |
At present, the OLC Group has no plans to make large-scale investments in business development to continue on from Tokyo Disney Resort in order to generate new growth over the four years ending March 2011. As a result, we will be able to increase the ratio of cash flow allocated to direct stockholder returns to higher levels than before. Based on this policy, we have set a target of increasing the consolidated payout ratio to 35 percent or higher from the fiscal year ending March 2008.
Moreover, We have set a numerical target of consolidated net income at the ¥27 billion level in the fiscal year ending March 2011, so that Annual Cash Dividends Per Share will increase to ¥100 level. |
Annual Cash Dividends Per Share and Consolidated Payout Ratio |
| |
'01/3 |
'02/3 |
'03/3 |
'04/3 |
'05/3 |
'06/3 |
|---|
| Dividends per share |
¥14 |
¥19 |
¥24 |
¥29 |
¥35 |
¥45 |
| Consolidated payout ratio |
29.6% |
14.9% |
12.7% |
15.7% |
20.4% |
27.7% |
| Earnings per share |
¥47.3 |
¥127.1 |
¥188.2 |
¥184.2 |
¥171.1 |
¥162.7 |
| |
'07/3 |
'08/3 |
'09/3 |
'10/3 |
'11/3
(Forecast) |
'12/3
(Target) |
| Dividends per share |
¥55 |
¥60 |
¥70 |
¥100 |
¥105 |
- |
| Consolidated payout ratio |
32.1% |
38.7% |
35.6% |
35.7% |
35.1% |
35.0%
[Forecast] |
| Earnings per share |
¥171.4 |
¥154.8 |
¥196.8 |
¥280.1 |
¥298.9 |
- |
|
|
|
