as of May 15, 2017
We recognize that one important management mission is to return an appropriate amount of our profits to our shareholders. Our basic policy is to continue to return profits through stable dividends. Regarding the return of profits through dividends, we will aim at a consolidated dividend payout ratio of approximately 20% in overall consideration of strengthening our financial standing, enriching retained earnings, and store development as the main force behind our business expansion.
As for payout of the surplus through dividends, our basic policy is to make payments twice per year in the form of an interim dividend and a year-end dividend. These dividends are paid in accordance with the resolution of the board of directors unless otherwise specified by laws and regulations. In addition, we plan to study our options for acquiring treasury stock, etc. when appropriate, as part of a flexible financial policy and as a method for returning profits to shareholders.
In order to further improve our business performance, we will allocate our retained earnings mainly to renovating and opening and stable operation of PC DEPOT Smart Life Stores. We will also allocate retained earnings to the stable operation of PC DEPOT and PC DEPOT PC Clinic stores, as well as develop the systems for new services such as the Premium Service.
|Dividend per share||Consolidated dividend payout ratio
* Due to the trading unit for PC DEPOT common stock becoming 100 shares, together with the splitting of each share into 100 shares on October 1, 2013, the Company shall adopt a trading stock unit system in which a trading unit comprises 100 shares.