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Return to Shareholders

Basic Policies concerning Return to Shareholders

The Company regards profit distribution to shareholders in cash as an important policy and will effectuate a continuous, stable profit distribution at high levels. We use the dividend on equity ratio as our target index, keeping this figure at least 5% of consolidated financial results for the mid-to long-term.

Dividend Per Share (DPS)

(Unit: yen)

  FY2016 FY2017 FY2018 FY2019 FY2020
Interm Dividend 55.00 55.00 65.10 65.10
65.10
Year-end Dividend 55.00 65.10 95.10 ※ 65.10 65.10
Annual Dividend 110.00 120.10 160.20 130.20 130.20

※ Breakdown of FY17/18 Year-end dividend: Ordinary dividend of 65.1 yen per share + Commemorative dividend of 30 yen per share.

Total Dividends and Treasury Stock Acquisition Cost

(Unit: millions of yen)

  FY2016 FY2017 FY2018 FY2019 FY2020
Total Cash Dividends 2,547 3,147 4,613 3,734 3,722
Treasury Stock Acquisition Cost 0 0 0 1,377 0
Total 2,547 3,147 4,613 5,111 3,722

※ Includes dividends paid during the period and cost of acquisition of treasury stock.