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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)

  FY2014 FY2015 FY2016 FY2017 FY2018
Interm Dividend 75.00 *1 45.00 55.00 55.00
65.10
Year-end Dividend 45.00 45.00 55.00 65.10 95.10 *2
Annual Dividend 120.00 90.00 110.00 120.10 160.20

*1 Breakdown of FY13/14 Interim dividend: Ordinary dividend of 45 yen per share + Commemorative dividend of 30 yen per share.

*2 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)

  FY2014 FY2015 FY2016 FY2017 FY2018
Total Cash Dividends 3,052 2,186 2,547 3,147 4,613
Treasury Stock Acquisition Cost 0 9,200 0 0 0
Total 3,052 11,386 2,547 3,147 4,613

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