Investor Relations

Dividend Information

Policy on the Determination of the Distribution of Surplus

The Company regards returning a portion of its income to its shareholders as one of its most-important management policies.The target of Consolidated Dividend Payout Ratio is 35% or more.Moreover Consolidated Dividend on Equity Ratio (DOE) is added as an indicator in order to provide stayble dividend based on Equity, the target of that is 2.0% or more.

Dividend Trends

Dividends per Share (Yen) Payout Ratio (%) Remarks
Interium
dividend
Year-end
dividend
Annual
dividend
156th Fiscal Year Ended
December 31, 2020
30.00 30.00 (plan) 60.00 (plan) 33.6
(forecast)
155th Fiscal Year Ended
December 31, 2019
30.00 30.00 60.00 24.8 *Purchase of treasury shares
     (About 15 billion yen)

*Cancellation oftreasury shares
       (6.9 million yen)
154th Fiscal Year Ended
December 31, 2018
30.00 30.00 60.00 33.3 *Purchase of treasury shares
       (About 5 billion yen)
153rd Fiscal Year Ended
December 31, 2017
30.00 15.00 45.00 48.0
152nd Fiscal Year Ended
March 31,
2017
30.00 30.00 60.00 28.1

Treasury Shares

1.Purchase of Treasury Shares
Purchase Priod Total Number of
Shares Puechased
Tatal Amount of Purchase of
Treasury Shares
From February 14, 2019
to Augusut 8, 2019
4,970,800 shares 14,999,942,868 yen
From November 14, 2018
to December 14, 2018
1,742,100 shares 4,999,765,874 yen

2.Cancellation of Treasury Shares
Retirement Date Type of Shares Total Number of Shares Retired Total Number of Shares Retired to Ratio of
Total Number of Shares Issued
October 13, 2019 Common stock of the Company 6,900,000 shares 6.76%
As of the end of September 2019

3.Purchase of Treasury Shares and Consolidated Total Payout Ratio
Consolidated Total
Payout Ratio (%)
Remarks
156th Fiscal Year Ended
December 31, 2020
33.6
(forecast)
155th Fiscal Year Ended
December 31, 2019
88.8 *Purchase of treasury shares (About 15 billion yen)
*Cancellation oftreasury shares (6.9 million yen)
154th Fiscal Year Ended
December 31, 2018
60.5 *Purchase of treasury shares (About 5 billion yen)
153rd Fiscal Year Ended
December 31, 2017
48.0
152nd Fiscal Year Ended
March 31, 2017
28.1

The Dividend for the 156th Term (Year Ended December 2020)

Interim Dividend Year-end Dividend
Date of Record June 30,2020 December 31,2020
Payment Date September 11,2020 Late March 2021 (plan)