Dividend policy
Topcon emphasizes shareholder returns and outlines as our basic policy the continued distribution of stable dividends mainly corresponding to growth in [consolidated] earnings.
Moreover, we project payout ratio of 35% or more in our Third Mid-Term Business Plan.
Historical dividend data
| FY | Interim dividend (yen) | Year-end dividend (yen) | Annual dividend (yen) | Payout ratio |
|---|---|---|---|---|
| 2022 (forecast) | 20 | 22 | 42 | 35.4% |
| 2021 | 10 | 26 | 36 | 35.4% |
| 2020 | 0 | 10 | 10 | 44.3％ |
| 2019 | 14 | 10 | 24 | 270.7％ |
| 2018 | 12 | 12 | 24 | 38.9％ |
| 2017 | 10 | 10 | 20 | 35.2％ |
| 2016 | 8 | 8 | 16 | 38.6％ |
| 2015 | 12 | 12 | 24 | 61.6％ |
| 2014 | 8 | 8 | 16 | 19.9％ |
| 2013 | 5 | 5 | 10 | 18.1％ |
| 2012 | 2 | 4 | 6 | 109.4% |
| 2011 | 2 | 2 | 4 | – |
| 2010 | 2 | 2 | 4 | – |
*Payout ratio = Shareholder Return per share / Profit attributable to owners of parent per share × 100%
