Shareholder Return (Dividend/Share Repurchase)
Basic policies for capital and shareholder distributions
Our capital policy is based on striving for effective management that places emphasis on return on equity (ROE) while being aware of the capital cost and improving corporate value by improving shareholder return and optimizing the balance between financial soundness and strategic investments.
For shareholder distributions, the goal is a dividend payout ratio of at least 30% while maintaining a stable dividend and aiming for the distribution of earnings linked with results of operations.
Decisions about the repurchase of stock will be made based on the current level of capital, the market environment and other applicable considerations.
Shareholders’ equity will be effectively used for the improvement of production, sales and construction systems as well as for new businesses, global operations and other activities in order to achieve medium- and long-term growth and build a solid foundation for business operations.
Transition of Dividend per Share
|Dividend per Share (yen)||Dividend Payout Ratio|
|Interim dividends||Year-end dividends||Fiscal year (total)|
*The company consolidated shares at a rate of one share per five as of October 1, 2016. The past figures were also consolidated retrospectively for ease of comparison.
|Period of Share Buyback||Aggregate Number of Shares Repurchased (shares)||Aggregate Amount of Repurchase (yen)|
|November 9, 2015||1,000,000||357,000,000|
|November 10, 2014||963,000||241,713,000|
|May 13, -
June 16, 2014
|November 16, -
November 29, 2010
|July 30, -
August 12, 2010
|February 23, 2010||300,000||77,100,000|
|December 3, -
December 22, 2008
|November 12, -
November 27, 2007
Cancellation of treasury stock
|Date of cancellation of shares||Aggregate Number of Cancelled Shares (shares)||Issued shares before amortization Percentage to total (%)|
|June 5, 2015||5,000,000||3.82|