Nikon 2011 Annual Report Download - page 13

Download and view the complete annual report

Please find page 13 of the 2011 Nikon annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 68

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68

Interview with the President 11Annual Report 2011Nikon Corporation
Please explain Nikon’s
policies regarding
shareholder return.
Please provide your
closing message to
shareholders and
investors.
Nikon’s basic policy regarding the distribution of earnings is to expand
capital investment and R&D spending in business and technology development
to ensure future growth, take steps to enhance competitiveness and pay a
steady dividend that reflects the perspective of shareholders, while making
continual adjustments to better reflect operating performance. In accordance
with this policy, we have set a target for a total return ratio of 25% or more.
While carrying out shareholder return through dividends and share buybacks,
we pursue capital investment and investment in R&D to ensure that the
Group is able to fully exploit growth opportunities.
For the fiscal year ended March 2011, in line with higher net sales and the
return to profitability, we increased our year-end dividend by ¥10 per share
compared with the previous fiscal year, to ¥14 per share. Total dividends
applicable to the fiscal year amounted to ¥19 per share (payout ratio of 27.6%).
For the fiscal year ending
March 2012, Nikon plans to
pay a full-year dividend of ¥27
per share (including an interim
dividend of ¥10 per share).
Since the Great East Japan Earthquake, we have received many warm
messages of support and encouragement from shareholders, investors and
other stakeholders from all over the world. This has once again served to
remind us of the high level of recognition received by the Nikon brand
worldwide and also reaffirmed our significant responsibilities as a global
company with over 85% of net sales outside Japan. I am pleased to report to
shareholders and investors that the Nikon Group has applied its utmost efforts
to affecting a swift recovery and that we are working vigorously toward the
numerical targets announced in the Medium Term Management Plan.