2017_4q_omron_e
39/57 ■FY2017 Plan
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00:39:17.0
Next, our policy on the allocation of profits. Please turn to slide 37. In line with our priorities for the allocation of profits during Earth-1 Stage, our priorities under VG 2.0 are, in order of importance: 1) Investments for future growth; 2) Stable dividend; and 3) Share buybacks. By prioritizing growth investments, we aim to grow our profits in the future, thus increasing funds available for shareholder returns. The target levels for our dividend payout policy is approximately 30% and a DOE of approximately 3%. In the event that there is surplus capital being deployed sub-optimally over a prolonged period of time, we are prepared to undertake share buybacks. This completes my discussion of the new medium-term management plan, VG 2.0. We are committed to undertaking necessary investments to achieve our medium-term objectives out to FY2020. We believe this will allow us to grow our sales to ¥1 trillion while maintaining high levels of profitability. Finally, our FY2017 guidance. Please turn to slide 39.
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