Shareholder Return Policy

Our basic capital policy is to pursue an optimal balance of financial health, capital efficiency, and shareholder return as we work to achieve sustainable growth and enhance our corporate value over the medium- to long-term. Recognizing that ensuring continuous and stable shareholder returns is an essential part of our capital policy, we determine the amount we pay our shareholders back in light of a comprehensive review of our financial performance and operating environment. At the same time we appropriately reinvest retained earnings to develop new businesses and enhance production.

In accordance with Article 459 of the Companies Act, our company's Articles of Incorporation stipulate that capital surplus shall be distributed in accordance with a resolution by the board. As a general rule, we pay dividends twice a year, at the end of the second quarter and at the end of the year.

Dividends

Record Dates
Year-end dividend: December 31 of each year/Interim dividend: June 30 of each year

Dividend History

  Interim dividend Year-end dividend Annual dividend
Fiscal Year Ended
December 31, 2017 (77th Term)
8.00 Yen 8.00 Yen 16.00 Yen
Fiscal Year Ended December 31, 2016 (76th Term) 8.00Yen 8.00Yen 16.00Yen
Fiscal Year Ended December 31, 2015 (75th Term) 8.00Yen 8.00Yen 16.00Yen
Fiscal Year Ended March 31, 2015 (74th Term) 8.00Yen 8.00Yen 16.00Yen
Fiscal Year Ended March 31, 2014 (73rd Term) 8.00Yen 8.00Yen 16.00Yen

Paid-in Capital and Number of Shares Issued

  Paid-in Capital Number of Shares Issued
September 30, 2016
Retirement of treasury stock 3,000,000Shares
6,544,339,199Yen 74,286,464Shares
January 29, 2016
Retirement of treasury stock 3,000,000Shares
6,544,339,191Yen 77,286,464Shares
December 22, 2009
Third-party allocation of shares (overallotment) 2,175,000Shares
6,544,339,191Yen 80,286,464Shares
November 26, 2009
Public stock offering 5,500,000Shares
6,094,984,191Yen 78,111,464Shares
March 29, 2001
Retirement of treasury stock 500,000Shares
6,094,984,191Yen 72,611,464Shares