Pentax 2013 Annual Report Download - page 75

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Financial Review
Copyright 2013 © HOYA CORPORATION
7
Dividends
HOYA determines dividends for each fiscal year by taking into account the Company's performance and
medium- and long-term capital requirements. It also tries to strike a balance between returning profits to
shareholders and supplementing internal reserves to fund future growth. HOYA's policy regarding internal
reserves is to continue to actively appropriate resources for marketing for consumer products, primarily in the
medical field, while also making timely investments in
corporate mergers and acquisitions and R&D for
future growth, as well as investing to ensure sufficient
production capacity and to develop next-generation
technologies and new products.
In the fiscal year under review, after balancing the need
for internal reserves for future growth, HOYA paid an
interim dividend of ¥30 per share and a year-end
dividend of ¥35 per share, for an aggregate dividend of
¥65 per share for the full year, on a par with the previous
fiscal year. The consolidated payout ratio was 39.4%.
a profit margin of 14.1%.
Return on assets (ROA) was 11.9%, and return on equity attributable to owners of the Company (ROE) was 16.7%.