Return to Shareholders and Dividends

Basic Policy regarding Profit Distribution and Dividends

Daicel’s basic dividend policy is to distribute profits in a balanced manner, taking fully into consideration a shareholder return that is in line with the Company’s consolidated financial results in each fiscal year, as well as the need to build internal reserves in order to improve medium-to-long-term shareholder value based on a more robust revenue base. We will also buy back our treasury stocks in an agile manner as another form of shareholder return intended to complement dividend payments.

Our mid-term plan “3D-III”, a 3-year plan starting from Fiscal Year Ending March 31, 2018, has set a target dividend ratio of 30%, and aims to acquire treasury stock in an agile manner.

Dividend History (Per Share)

  Fiscal Year Ended March 31, 2014 Fiscal Year Ended March 31, 2015 Fiscal Year Ended March 31, 2016 Fiscal Year Ended March 31, 2017 Fiscal Year Ending March 31, 2018 Forecast
Interim(Yen) 6 8 13 13 16
Year-end(Yen) 9 13 13 17 16
Total(Yen) 15 21 26 30 32
Dividend Payout ratio(%) 23.1 23.6 22.6 24.1

Fiscal Year Ending March 31, 2017

Forecast
Interim(Yen) 16
Year-end(Yen) 16
Total(Yen) 32
Dividend Payout ratio(%)

Fiscal Year Ending March 31, 2016

Interim(Yen) 13
Year-end(Yen) 17
Total(Yen) 30
Dividend Payout ratio(%) 31.8

Fiscal Year Ending March 31, 2015

Interim(Yen) 13
Year-end(Yen) 13
Total(Yen) 26
Dividend Payout ratio(%) 26.6

Fiscal Year Ending March 31, 2014

Interim(Yen) 8
Year-end(Yen) 13
Total(Yen) 21
Dividend Payout ratio(%) 36.2

Fiscal Year Ending March 31, 2013

Interim(Yen) 6
Year-end(Yen) 9
Total(Yen) 15
Dividend Payout ratio(%) 30.1