Dividend Policy and Disclosure

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Dividend Policy and Disclosure
KANEKA CSR Report 2014
Serving Shareholders and Investors
01
Dividend Policy and Disclosure
Kaneka is committed to providing timely and proper disclosure to
shareholders and investors to help them gain an accurate understanding of the Group
while building a relationship of trust and meeting their expectations.
Shareholder Composition and Dividend
Policy
At March 31, 2014, Kaneka had 350 million shares issued and outstanding and
20,052 shareholders. Domestic financial
institutions accounted for 47.7% of the
total, with foreign companies owning
25.8%, individuals representing 17.7%,
and other companies and financial instruments firms constituting the balance.
One of our top management priorities
is to return profits to shareholders and
boost earnings while strengthening our
corporate foundations. Our basic policy
on profit sharing is to consistently target
a 30% consolidated payout ratio that
comprehensively factors in annual operating results, medium- and long-term
trends in earnings, investment plans,
and our financial position. We are also
committed to stock repurchases. The
payout ratio for the year ended March
31, 2014 was 39.5%.
We harness retained earnings to
maintain financial stability and address
dramatic changes in the operating climate to generate sustainable growth.
Shareholder Reporting
We issue semiannual business reports
to our shareholders, making this information publicly available through our
website. We redesigned the covers in
2010 and increased page sizes in 2013,
included top management interviews,
and incorporated explanations to make
it easier to understand our financial position. We print investor relations publications using environmentally friendly ink
made from vegetable oil, and use Universal Design fonts.
■ Shareholder Composition
Financial instruments firms
3,418,000 shares
46 shareholders
1.0%
Other companies
27,492,000 shares
292 shareholders
7.9%
Individuals and others
61,834,000 shares
19,232 shareholders
17.7%
shareholders
20,052
Financial institutions
166,881,000 shares
101 shareholders
47.7%
Foreign companies
90,374,000 shares
381 shareholders
25.8%
Disclosure and Investor Relations
We are dedicated to providing the timely
and proper disclosure of corporate information that our investors need.
We conduct briefings after announcing annual and quarterly results, with the
president or relevant director providing
explanations.
Our website presents our financial
results, annual report, and other investor
information.
In fiscal 2014, we will continue to build on our fiscal 2013 efforts to ensure proper disclosure
to shareholders and investors.
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