Basic Policy on Return to Shareholders
The Company's basic policy is to maintain internal reserves at a sufficient level to ensure business growth from a medium- to long-term management perspective, while continually paying a stable dividend in consideration of consolidated financial results.
Through the medium-term management plan, we will work toward a more appropriate capital structure and improve capital efficiency by emphasizing growth investments, maintaining a sound financial position and reinforcing return to shareholders. In line with this policy for return to shareholders, we will raise the total return ratio yardstick to 40%, from 35%, and then aim for a dividend ratio of 30% by fiscal 2021 through stable dividend growth.
*Total return ratio: Ratio of dividends and treasury stock buybacks to income attributable to owners of the parent
For details on medium-term management plan, go to Medium-term Strategies .
|Dividend per share||Payout ratio||Total return
|Fiscal 2020(plan)||30 yen||50 yen||80 yen||23.4%||37.7%|
|Fiscal 2019||20 yen||50 yen||70 yen||22.8%||39.0%|
|Fiscal 2018||14 yen||26 yen||40 yen||16.6%||30.5%|
|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 14, 2019 - July 31, 2019||749,800 shares||4,139,444,981 yen|
|May 11, 2018 - July 30, 2018||809,100 shares||4,209,858,472 yen|
|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.