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 2015 2016 2017 2018 2019
Net Income (¥B) 167.7 203.8 156.1 146.1 206.9
Share Buyback (¥B) 0.0 0.0 0.0 0.0 0.0
Annual Dividends (¥B) 38.1 44.5 46.8 55.4 59.7
Total Return Ratio (%)
(Share Buyback + Annual Dividends)/Net Income
22.7 21.8 30.0 37.9 28.9

Net Income, Basic Earnings per Share (Graph)

Per Share Indicators

Years Ended March 31 2015 2016 2017 2018 2019 2020
Basic Earnings
per Share (Yen)
264.06 320.85 244.62 228.62 323.45 -
Shareholders' Equity
per Share (Yen)
1,768.33 1,935.35 2,122.83 2,276.82 2,507.11 -
Dividend
per Share (Yen)
60.00 70.00 73.33
86.67
93.33
94.00
(estimate)
 
​Interim
Dividend (Yen)
26.67 33.33 36.67 43.33
46.67
47.00
(estimate)
Year-end
Dividend (Yen)
33.33 36.67 36.67
43.33
46.67
47.00
(estimate)
*The Company implemented a three-for-one common stock split, effective April 1, 2019.
Per Share Indicators were calculated on the assumption that the relevant stock spilt had been implemented at the beginning of the consolidated fiscal year ended March 31, 2015.