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i) Basic Profit Distribution Policy
Kyocera Corporation believes that the best way to increase corporate value and meet shareholders' expectations is to improve consolidated performance on an ongoing basis. As for dividends, Kyocera Corporation adopted a dividend policy of maintaining a payout ratio of around 50% of profit attributable to owners of the parent through the year-end dividend of FY2026. From FY2027 onward, in order to distribute dividends in a more stable and continuous manner, Kyocera Corporation will adopt "DOE (dividend on equity* ratio)" as the standard of its dividend policy and a "progressive dividend policy" to maintain or increase the dividend amount per share compared with the previous fiscal year. Dividend amounts will be determined on the basis of a DOE of around 3.5% for two-year period of FY2027 and FY2028, subject to a comprehensive assessment taking into consideration factors such as investment necessary for medium- to long-term corporate growth and Kyocera Corporation's financial condition.
In addition, Kyocera Corporation will implement acquisitions of its own shares when appropriate with the aim of promoting future optimization of shareholders' equity.
*The amount of shareholders' equity used to determine DOE will be calculated based on "Equity attributable to owners of the parent" less "Other components of equity", which fluctuates according to the market value of the shares held by Kyocera Corporation and foreign exchange rate fluctuations.