Returning profits to shareholders by cash dividend is one of the highest priorities of KITZ. The Company’s stance is to place importance on the consistency and stability of the dividend while taking into account a number of factors. These factors include current results of operations and the need for funds for capital investment, development, M&A and other activities needed for growth. Another factor is the need to increase retained earnings to provide funds for repaying loans and redeeming bonds.

At present, based on the above-stated considerations KITZ believes that a dividend payout ratio of about 25% of net income attributable to owners of the parent is appropriate. In line with the formulation of a new medium-term management plan, the Company will endeavor to further enhance shareholder value through a more aggressive acquisition of treasury stock compared to the traditional goal of about 1/3 of the total consolidated total return ratio.

Annual Dividend and Dividend Yield

Date of Record for Shares

Year-end: March 31
Interim: September 30

Dividend Policy