We believe that providing returns through ongoing improvements to corporate value is an important management issue, and have adopted a basic policy of maintaining stable dividends while at the same time augmenting shareholders’ equity and improving profitability.
The Company primarily utilizes internal capital reserves for R&D and global business development, and endeavors to secure profit in the medium to long term and strengthen its financial structure.
In the near term, the Company will gradually raise its dividend ratio, taking into account earnings, financial conditions, and the management environment in a comprehensive way, and has set a target that secure payout ratio equal or more than 20% in the medium term, on the premise that annual dividends per shareholder do not fall short of dividends in the previous year.
The Board of Directors decided to stipulate in the Articles of Incorporation that the Company can use retained earnings for dividends. The Company has set a basic policy of paying two dividends a year, namely an interim dividend and a year-end dividend.
Please see below for information on dividend forecasts.
Details of the Shareholder Benefits record data: March 31 benefits: QUO card
|Continuous holding period||Less than 3 years||3 years or more|
|Number of shares held||Details|
|100 to 299 shares||Equivalent to 1,000 yen||Equivalent to 2,000 yen|
|300 to 999 shares||Equivalent to 2,000 yen||Equivalent to 3,000 yen|
|1,000 shares or more||Equivalent to 4,000 yen||Equivalent to 5,000 yen|
|Total number of authorized shares||140,000,000 shares|
|Total number of issued shares||35,242,846 shares|
|Total number of shareholders||
11,899 (As of March 31, 2020)
|Fiscal year||from April 1 to March 31 each year|
|Annual Shareholders Meeting||annually in late June|
Annual Shareholders Meeting March 31
Year-end dividend payment March 31
Interim dividend payment September 30
Any other necessary information will be announced in advance and established.
|Number of shares constituting one trading unit||100|
|Transfer agent and account manager of the special account||
Sumitomo Mitsui Trust Bank, Limited
Please direct inquiries on procedures related to shares (address changes, requests for purchase of shares constituting less than one trading unit, request for additional purchases of shares constituting less than one trading unit, request for registration of transfer of shares, designation of account for remittance of dividends, etc.) to the following contact.
|Shareholders that have set up an account with a securities firm||Shareholders that have not set up an account with a securities firm (shareholders registered on the special account)|
|Mailing Address||Shareholders’ securities company||
2-8-4, Izumi, Suginami-ku, Tokyo 168-0063
|Agency point of contact||Sumitomo Mitsui Trust Bank, Limited Nationwide branches|
Please direct any inquiries regarding dividends that have not been received to Sumitomo Mitsui Trust Bank.