Konica Minolta 2014 Annual Report Download - page 7

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6
KONICA MINOLTA, INC. Annual Report 2014
Our Management Policy
Management Targets for the New Medium Term Business Plan
Dividend policy
Aim to increase dividends while working towards
the certain attainment of the goals
in the new Medium Term Business Plan
Acquisition of treasury stocks
Proper judgments will be made in consideration
of factors such as the progress of
investment for growth, the free cash flow
outlook, and stock prices
Stance Towards Returns to Shareholders
To reinforce and enhance shareholder returns, Konica Minolta aims to steadily increase dividends and works to actively repurchase treasury stock.
FY07 FY08 FY09 FY10 FY11 FY12 FY13 FY14 FY15 FY16
15
20 20
15 15 15 15 15
2.5
Common dividend Commemorative dividend
Trend of dividends per share
Results Forecast
R&D expenses ¥240 billion
(three-year cumulative total)
•฀฀Keeping฀these฀expenses฀at฀8%฀or฀less฀of฀net฀sales,฀work฀to฀strength-
en existing businesses and cultivate new ones
Capital expenditure/
Investment and financing
¥240 billion
(three-year cumulative total)
•฀฀Make฀priority฀investments฀in฀FY14,฀produce฀results฀by฀FY16.
•฀฀Concentrate฀investment฀in฀growth฀elds฀and฀new฀business฀areas฀to฀
swiftly transform businesses.
Investment Plan for Achieving TRANSFORM 2016
FY14-FY16
Average
FY13FY12FY11
80.0
71.171.572.5
9.4% 8.8% 7.5% 7.5%
R&D expenses to net sales ratio
(Billions of yen)
New Medium Term Business Plan
TRANSFORM 2016
Results
FY2014
100.0
FY15-
FY16
140.0
FY13
61.9
FY12
68.0
FY2011
44.9
174.8
240
(Billions of yen)