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Shareholder Return

Return Policy

The basic policy of the Company is to continuously and stably distribute dividends commensurate to performance in order to enhance the distribution of profit to shareholders as well as to endeavor to retain the necessary reserves for the future expansion of operations, and retained earnings are used in capital investment and investment in research and development, etc. and to strengthen the management base and develop and expand operations.

Fluctuations in Dividends

(JPY)

Dividend 2012 2013 2014 2015 2016
Dividend per share (annual) 2.0 10.0 10.0 12.0 12.0
Interim dividend
(paid in December of relevant year)
0.0 0.0 0.0 0.0 0.0
Year-end dividend
(paid in June of following year)
2.0 10.0 10.0 12.0 12.0
Dividend payout (consolidated) (%) 21.4 42.1 32.8 34.3 34.5

* Cash and cash dividends per share for FY2013 is calculated in consideration of the one for five share consolidation of common stock effective October 1, 2013

Acquisition of Treasury Shares

At present the Company is not involved in the acquisition of treasury shares.

Special Benefit for Shareholders

At present the Company does not offer any special benefits for shareholders.

INVESTOR RELATIONS