Cash Dividends

Let us inform you of our new dividend policy and the last five-year trend of dividends.

Dividend Policy

To increase our corporate value, we at Komatsu are building a sound financial position and flexible and agile corporate strengths. Concerning cash dividends to our shareholders, we continue to maintain the policy of redistributing profits by considering consolidated business results to strive to continue stable dividends. Specifically, we have set the goal of a consolidated payout ratio of 40% or higher, and maintains the policy of not decreasing dividends as long as a consolidated payout ratio does not surpass 60%.

(Reference: Dividend policy in FY2019and onward)
Based on its new mid-term management plan entitled "DANTOTSU Value: FORWARD Together for Sustainable Growth" spanning three years from April 2019 to March 2022, Komatsu has decided on the dividend policy as follows.

To sustainably increase our corporate value, we at Komatsu are working to secure a sound financial position and strengthen our competitiveness. Concerning cash dividends to our shareholders, we maintain the policy of continuing stable dividends by comprehensively considering consolidated business results, future investment plans, cash flow and other related factors. Specifically, we have set the policy of a consolidated payout ratio of 40% or higher.

FY2007 - FY2009 FY2010 - FY2012 FY2013 - FY2015 FY2016 - FY2018 FY2019 -

20% or higher

20% - 40%

30% - 50%

40% - 60%

40% or higher

Past Performance

*Cash dividends per share represent the amount based on the resolution by the ordinary general meeting of shareholders.

Fiscal year Interim (yen) Year-end (yen) Annual (yen) Consolidated dividend payout ratio(%)
[Total payout ratio]
Note
FY2019(ending March 31, 2020)(projection)

55yen

55yen

110yen

48.3%

-

FY2018(ending March 31, 2019)(planned)

51yen

59yen

110yen

40.5%

-

FY2017(ended March 31, 2018)

36yen

48yen

84yen

40.3%

-

FY2016(ended March 31, 2017)

29yen

29yen

58yen

48.2%

-

FY2015(ended March 31, 2016)

29yen

29yen

58yen

39.8%

-

FY2014(ended March 31, 2015)

29yen

29yen

58yen

35.8% [55.2%]

Share buyback(about 300 billion yen)

FY2013(ended March 31, 2014)

29yen

29yen

58yen

34.7%

-