Dividend Information

The Company has steadily increased return to its common shareholders. For the fiscal year 2018, the Company increased annual dividends per share of common stock by 1 yen to 21 yen (interim dividend 10.5 yen and year-end dividend 10.5 yen), and realized the dividends increase three years in a row.

For the fiscal year 2019, annual dividends per share of common stock are planned to be 21 yen (interim dividend 10.5 yen and year-end dividend 10.5 yen), the same amount for the fiscal year 2018. In line with our aims of enhancing shareholder returns, improving capital efficiency, and taking a flexible capital management approach, we announced a budget for up to 10.0 billion yen in share repurchases on May 10, 2019, with the end of the repurchasing period being set at June 14, 2019. On June 12, 2019, we completed share repurchases based on this budget.

Based on the shareholder return policy stated in the Mid-term Management Plan, the Company will consider further enlargement of shareholder return with an eye on the optimal balance among its financial soundness, profitability and investment opportunities for future growth.