History of Profit Distribution

History of profit distribution and per share indicators

Basic Policy on Profit Distribution and Dividends

Murata's basic policy on profit distribution to shareholders is to prioritize the sharing of gains through payment of dividends, and to steadily raise them by increasing profit per share, while enhancing Murata's long-term corporate value and strengthening its corporate structure. In accordance with this policy, our dividends are determined after comprehensively considering our business performance and dividend payout ratio on a consolidated basis, as well as the accumulation of internal reserves necessary for reinvestment to ensure future development.

We also regard the repurchasing of our own share as an alternative means of returning profit to shareholders, and have been buying back shares in order to improve capital efficiency.

History of Profit Distribution (Graph)

History of Profit Distribution

Years Ended March 31 2013 2014 2015 2016 2017
Net Income (¥B) 42.4 93.2 167.7 203.8 156.1
Share Buyback (¥B) 0.0 0.0 0.0 0.0 0.0
Annual Dividends (¥B) 21.1 27.5 38.1 44.5 46.8
Total Return Ratio (%)

(Share Buyback + Annual Dividends)/Net Income

49.8 29.5 22.7 21.8 30.0

Net Income, Basic Earnings per Share (Graph)

Per Share Indicators

Years Ended March 31 2013 2014 2015 2016 2017 2018
Basic Earnings per Share (Yen) 200.81 440.63 792.19 962.55 733.87 -
Shareholders' Equity per Share (Yen) 4,078.94 4,514.53 5,304.98 5,806.06 6,368.48 -
Dividend per Share (Yen) 100 130 180 210
220
260
(estimate)
  Interim Dividend (Yen) 50 60 80 100 110
130
(estimate)
Year-end Dividend (Yen) 50 70 100 110
110
130
(estimate)