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I will now move on to our shareholder return.
Our dividend policy in the medium-term plan in this growth phase includes first, continuing stable dividend payment and second, maintaining a payout ratio of at least 25%.
In the fiscal year ended March 31, 2016, we initially planned to pay an annual dividend of 11 yen per share; however, we added one yen to make it 12 yen due to the growth of the final earnings over the forecast.
For the fiscal year ending March 2017, we plan to pay 13 yen per share to make it a fourth consecutive dividend increase.
In this way, we will basically return profits to our shareholders by dividend in proportion to the growth of our profits.
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