Shareholder Return Policy
TIS's basic policy is to maintain stable dividends, taking into account consolidated performance results, while ensuring a suitable level of retained earnings to support business growth from a medium- to long-term management perspective. The Company had set a benchmark of 30% for the consolidated payout ratio but from fiscal 2016, ended March 31, 2016, opted for a total return ratio of 35%, which includes share buybacks, to realize a better return for shareholders.
|Dividend per share||Payout ratio||Total return
|Fiscal 2018 (plan)||14 yen||26 yen||40 yen||19.1%||35.0%|
|Fiscal 2017||12 yen||24 yen||36 yen||19.0%||31.9%|
|Fiscal 2016||11 yen||22 yen||33 yen||22.7%||35.3%|
|Fiscal 2015||10 yen||20 yen||30 yen||25.6%||30.4%|
|Fiscal 2014||8 yen||17 yen||25 yen||27.7%||27.7%|
|Fiscal 2013||7 yen||14 yen||21 yen||31.4%||31.4%|
|Fiscal 2012||-||18 yen||18 yen||74.0%||74.0%|
|Fiscal 2011||12 yen||20 yen||32 yen||46.9%||46.9%|
|Fiscal 2010||12 yen||20 yen||32 yen||35.9%||35.9%|
|Fiscal 2009||-||32 yen||32 yen||28.9%||28.9%|
*No interim dividend was distributed in fiscal 2009 — the Company's first fiscal year — because the books for this inaugural term had not yet closed. The year-end dividend included a 5 yen per share bonus.
|Share repurchase period||Total number of shares acquired||Aggregate acquisition amount|
|May 11, 2017 - July 18, 2017||908,300 shares||2,859,885,484 yen|
|May 11, 2016 - June 23, 2016||834,900 shares||2,099,829,682 yen|
|October 30, 2015 - December 9, 2015||540,400 shares||1,599,738,482 yen|
|May 12, 2014 - May 29, 2014||311,800 shares||499,954,400 yen|
Preferential Treatment for Shareholders Program
The Company does not have a preferential treatment for shareholders program.