Basic Policy Regarding Earnings Distribution
The Company considers providing returns to shareholders to be one of its highest priorities. Its basic policy is to continually provide a stable dividend, in a comprehensive consideration of such factors as sustainable profit levels, retention of earnings for future investment, and improving the financial position to provide shareholders returns, including the acquisition of treasury shares, with a target total return ratio (*) of 30%.
(*) Total return ratio = (total dividend + total amount of share buybacks) / profit attributable to owners of parent
|Dividend Per Share(yen)||1Q||-||-||-||-||-||-|
|Amount of Dividends(million yen)||3,107||3,107||3,551||3,551||3,552||-|
|Ratio of Total Amount of Dividends to Net Assets(%)||2.0||1.9||2.0||2.0||2.0||-|
*Based on a resolution at the 159th Annual General Meeting of Shareholders held on June 28, 2017, the Company consolidated shares on the basis of one new common share for every 10 common shares with an effective date of October 1, 2017. As a result, the number of shares of common stock per share unit was changed from 1,000 shares to 100 shares.