New policy*: The Company and its domestic consolidated subsidiaries had formerly recognized revenue mainly on a shipping basis. However, starting from the fiscal year 2016, the Company and its domestic consolidated subsidiaries have changed to revenue recognition method on a completion date of installation or a delivery date basis under the terms and conditions of contracts. Retrospective restatement is not applied for before fiscal 2015, but 2015.12(New policy) are restated numbers for reference.
Since 2013, we have changed from dividend policy targeting at 30% of nonconsolidated net income to the total shareholder return, combined with the amount of dividend payments and share buybacks, targeting at 30% of consolidated net income. In fiscal 2012, we paid an annual dividend of 50 yen per share, including the commemorative dividend of 10 yen.