Shareholders Return

Dividend Policy

We believe that passing on profits to shareholders is an important part of our business administration work. As such, we strive to ensure stable management foundations and improve ROE (return on equity). In addition to this, when it comes to dividends, our basic policy is to provide stable dividends according to our business performance, taking into consideration such factors as the dividend payout ratio, further improving our corporate culture and ensuring we have sufficient internal reserves set aside for future business ventures.

Our basic policy is to pay out a single annual distribution of surplus as a year-end dividend. It is the role of the Shareholders Meeting to decide the amount of this distribution of surplus.

Dividend Amount by Year

Term ending June 2014 Term ending June 2015 Term ending June 2016 Term ending June 2017 Term ending June 2018
\13.50 \11.00 \11.00 \11.00 \13.00

Since June 1, 2015, we have split regular shares at a ratio of 2 shares per 1 share. Share amounts prior to the term ending June 2015 were adjusted retroactively on the assumption that shares had been split for the period in question. Note that the share amount for June 2018 includes a commemorative dividend of \2.

Shareholder Incentives

We have put in place a system of shareholder incentives which, in addition to expressing our gratitude to shareholders for their ongoing support, aim to encourage them to hold more shares in our company over the long term.

Content of Shareholder Incentives based on June 30, 2019

No. of shareholdings Period of retention Content of incentive
200 or more shares, under 1,000 shares Half a year or more Assortment of local confectionary worth \1,500
1,000 or more shares Half a year or more Assortment of local confectionary worth \2,500

Content of Shareholder Incentives based on June 30, 2020

No. of shareholdings Period of retention Content of incentive
200 or more shares, under 1,000 shares One year or more Assortment of local confectionary worth \1,500
1,000 or more shares One year or more Assortment of local confectionary worth \2,500