Distribution of Profits

Date of Commencement of Interim Dividends Payment for the 73rd Period (FY2019.12)
September 3, 2019

Basic Policy on the Allocation of Profits

We strive to allocate profits based on business performance while taking a long-term view of improved earning power and considering various R&D efforts and capital investments to reinforce the management structure and expand into new businesses in the future. We target a dividend payout ratio of around 35% on a consolidated basis.

Dividend Payout Ratio

(yen)
2015/12
2016/12
2017/12
2018/12
2019/12
Interim
25
25
25
25
25
Year-end
35*1
30
25
35
35 (plan)
Annual
60
55
50
60
60 (plan)
Payout ratio
39.0%
96.2%
45.7%
35.8%
-
*1 : Including 5 yen commemorative dividend
*2 : The stock split is not implemented during the period in the above table.

Status of processing and holding of acquired treasury stock

2019/6
Number of treasury shares held
29,518

Shareholder benefits

There is currently no shareholder special benefit program.