Capital Policy

Morinaga’s Capital Policy (Information Disclosure Based on Corporate Governance Code)Morinaga’s Capital Policy (Information Disclosure Based on Corporate Governance Code)

In addition to establishing and strengthening our business foundation, it is of the utmost importance that our company returns profits to shareholders. Accordingly, our capital policy is based on ensuring stable dividends and realizing further dividends commensurate with performance.

In future, we will implement a flexible capital policy in order to raise shareholder value, in addition to working to increase profitability even further (achieving the current target of operating income on sales of 10% ahead of schedule) in order to strengthen the financial foundation and ensure internal reserves for sustainable growth.