Dividend Information

The Company has realized enlargement of common shareholders’ return by repurchasing and cancelling the preferred stocks and shifting the preferred dividends so saved to common shareholders. During the fiscal year 2017, the Company repurchased and cancelled all remaining shares of Class 5 preferred stock (total issue amount: 100.0 billion yen) and realized its capital stock comprised of common stock only. Annual dividends per share of common stock for the fiscal year 2017 increased by 1 yen to 20 yen (interim dividend 10 yen and year-end dividend 10 yen).

For the fiscal year 2018, the Company plans to increase 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).

Based on the shareholder return policy stated in the Mid-term Management Plan, the Company intends to sustain stable dividends at the same level after implemented increase in dividend while endeavoring to enlarge return to shareholders further with an eye on the optimal balance between financial soundness and profitability and on the investment opportunities for growth.