Shareholder Returns

The Company aims to achieve sustainable growth of its corporate value while building empathy with all stakeholders through the maximization of added value created from business activities and appropriate distribution thereof.


The Company’s shareholder return policy is to make sustainable and stable dividend payments while flexibly purchasing treasury shares taking into account various factors, including stock market trends and capital efficiency. Through this, we will, in principle, aim for a consolidated total return ratio of 50%, or a consolidated total return ratio of 30% or higher even if it is necessary to secure funds for growth investment.


Given the above policy and financial standing of the Company, we will pay a dividend of ¥72 per share (of which an interim dividend of ¥36 per share) for the 49th fiscal year ended December 31, 2020. We plan to pay an annual dividend of ¥138 per share (interim dividend of ¥69 per share, fiscal year-end dividend of ¥69 per share) for the 50th fiscal year ending December 31, 2021.


The Company, in principle, distributes dividends twice a year with the record dates being each interim fiscal year-end and fiscal year-end. The payment of interim dividends and fiscal year-end dividends are to be resolved by the Board of Directors and the General Meeting of Shareholders, respectively.


The Company has stipulated in its Articles of Incorporation that it may distribute interim dividends as prescribed in Article 454, Paragraph 5 of the Companies Act.

 

Dividends of surplus whose record date falls within the 49th fiscal year are as follows:

Resolution date Total amount of dividends
(million yen)
Dividend paid per share
(yen)
Board of Directors’meeting held on September 23, 2020 (Note 1) 984 36
Ordinary General Meeting of Shareholders held on March 30, 2021
(Note 2)
992 36

Notes:

  1. The total amount of dividends paid based on the resolution at the Board of Directors’meeting held on September 23, 2020 includes dividends of ¥17 million paid to the Company’s shares held by trusts.
  2. The total amount of dividends paid based on the resolution at the Ordinary General Meeting of Shareholders held on March 30, 2021 includes dividends of ¥15 million paid to the Company’s shares held by trusts.
  3. As the Company conducted a 30-for-1 stock split effective on September 14, 2020, the amount of dividend per share presented above is the amount after the stock split.