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Dividend Information

Fundamental Policy for Distribution of Earnings to Shareholders

To maximize its shareholder value, FRANCE BED HOLDINGS regards profit distribution as one of its key management priorities. The Company decides its dividend by comprehensively taking into account its financial results, operating environment and the necessity of a strong balance sheet, in line with its fundamental policy of making every effort to maintain a stable dividend payment.

Dividend Payments

  Cash dividends per share Total dividends paid
(Million yen)
Payout ratio
Interim (Yen) Year-end (Yen) Total (Yen)
FY2016 2.50 12.50 1,037 74.7%
FY2017 12.50 12.50 25.00 1,012 52.5%
FY2018 12.50


The Company conducted a consolidation of its common shares at a rate of one share for every five shares as of October 1, 2015. Consequently, in terms of the cash dividends per share for the fiscal year ended March 31, 2016, the year-end dividend is presented, factoring in the impact of this consolidation of shares; while the amount of total annual dividend is presented as “ --.” The year-end dividend per share for the fiscal year ended March 31, 2016 which does not factor in this consolidation of shares amounts to 2.50 yen and the annual dividend per share amounts to 5.00 yen.