Return to Shareholders (Dividends, etc.)
<Basic Policies Regarding Distribution of Profits and Dividends>
We will determine future distribution of profits by taking into consideration the overall situation, including current operating performance, the management environment going forward, and business development plans, while striving to achieve a balance with retained earnings. The Company believes that returning profits to our shareholders is one of our most important policies, and has a basic policy of distributing profits by taking into consideration the overall situation, including current performance, the management environment going forward, and business development plans, while striving to achieve a balance with retained earnings.
Moreover, we distribute surplus funds twice a year, providing interim dividends and year-end dividends; the bodies that determine the allocation of such surplus funds are the general meeting of shareholders, in the case of year-end dividends, and the board of directors, in the case of interim dividends.
Based on the policies outlined above, we decided to pay 7.0 yen per share, including interim dividends of 3.5 yen per share, as our annual dividends for the fiscal year under review.
We use retained earnings in our endeavors to improve corporate value, mainly using them as investment funds for future business development plans.
<Changes to Dividend per Share>
| Dividend per share | FY2006 | FY2007 | FY2008 | FY2009 | FY2010 | |
|---|---|---|---|---|---|---|
| Interim | - | 3.50 | 4.00 | 3.50 | 3.50 | |
| Year-end | 7.00 | 4.50 | 4.00 | 3.50 | 3.50 | |
| Annual | 7.00 | 8.00 | 8.00 | 7.00 | 7.00 |
*There were no stock splits during above period.
<Acquisition of Treasury Stock, etc.>
Fiscal 2011
- (1)
- Acquires pursuant to resolutions passed at the general meeting of shareholders.
Not applicable - (2)
- Acquires pursuant to resolutions passed by the board of directors
Not applicable - (3)
- Items not based on board of directors' resolutions or resolutions passed at the general meeting of shareholders
| Year | Number of shares (thousand shares) |
| Fiscal 2011 | 136 |
Accumulated (as of year ended March 2011)
| Accumulated | Number of shares (thousand shares) |
| Fiscal 2011 (as of March 2011) | 2,284 |