Dividends

Dividends per share

J-GAAP IFRS IFRS IFRS IFRS
FY2014 FY2015 FY2016 FY2017 FY2018
Interim dividend (yen) 55 55 55 55 70
Year-end dividend (yen) 65 55 55 70 95
Payout ratio (%) 22.4 38.7 27.0 24.6 24.3

※ Note FY2014 year end dividends included \55 ordinary dividend and \10 commemorative dividend
※ Kureha conducted a ten-to-one share consolidation on October 1, 2016. All per share values above are presented on this post-consolidation basis for comparison reasons.