Shareholder Return

Basic Policy on Return to Shareholders

The Company regards the return of profits to shareholders as a key management decision and has adopted a basic policy of maintaining sufficient internal reserves required for business growth from a medium- to long-term management perspective, while continually paying a stable dividend in consideration of its consolidated financial results.
Through the medium-term management plan(2021-2023) , Balancing efforts to leverage growth investment, maintain financial health and strengthen return to shareholders,TIS will lay the groundwork for an increase in the total return ratio yardstick to 45%, from 40%, and constantly enrich dividends per share.
In so doing, the Company will raise shareholder engagement.

Promote growth investment

Take vigorous approach to investment in human resources as well as upfront investment, M&As and other growth investment opportunities. Respect investment discipline ROIC of 8%, with maximum investment of ¥100 billion over three years. Provide higher level of DX value and work to acquire new technology to achieve strategic domain ratio of 60% and operating margin of 11.6%.

Maintain financial health

Have cash and deposits equivalent to two months’ worth of monthly sales, mindful of maintaining A rating.

Strengthen return to shareholders

Boost total return ratio benchmark to 45%, from 40%, and then strive for stable increase in dividend per share.
The amount of treasury stock held by TIS will, in principle, be no more than 5% of total number of shares issued, and any shares exceeding this limit will be canceled

*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 .

Dividends

* The Company carried out a three-for-one common stock split on April 1, 2020.
The impact of said stock split is reflected in "Dividends per share" from fiscal 2021.

*The total return ratio for fiscal 2023 reflects a treasury stock buyback of \24.5 billion to achieve a more appropriate capital composition, in addition to a treasury stock buyback equivalent to \5.5 billion in line with the basic policy on total return ratio of 45% (yardstick). 


Dividend per share Payout ratio Total return
ratio
(Interim) (Year-end) (Annual)
Fiscal 2023(plan) 15 yen 32 yen 47 yen 28.8% 104.2%
Fiscal 2022 13 yen 31 yen 44 yen 27.9% 39.3%
Fiscal 2021 11 yen 24 yen 35 yen 31.9% 42.8%
Fiscal 2020 30 yen 60 yen 90 yen 25.7% 39.8%
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

Share repurchase period Total number of shares acquired Aggregate acquisition amount
May 13, 2021 - September 2, 2021 1,430,400 shares 4,470,000,000 yen
May 13, 2020 - May 14, 2020 1,395,600 shares 3,029,847,600 yen
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

Cancellation of Treasury Stock

Date of cancellation Total number of shares
to be cancelled
Percentage of issued shares before the cancellation
September 28, 2021 12,206,400 shares 4.6%

Preferential Treatment for Shareholders Program

The Company does not have a preferential treatment for shareholders program.

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Update : November 2, 2022, 15:31