Major Shareholders

The holding ratio is calculated excluding treasury stock

Shareholders’ Returns

Basic Policy Concerning Profit-sharing

Our basic policy is to expand profitability while exercising fiscal restraint, and to return the fruits of such management efforts to our shareholders in a proper and stable manner. We strive to increase our corporate value by the aggressive and timely use of internal reserves for enhanced global competitiveness, future business development and further growth. Moreover, we will maintain our solid financial base to enable us to cope with the increasing frequency and amplitude of economic fluctuations that may occur. We approach our capital policy with careful attention to the Return on Equity and the Cost of Capital. Shareholder returns are at the core of this. We strive to provide stable dividends, aiming for a dividend payout ratio of around 40% in the medium-to long-term. Considering the total payout ratio, we have purchased treasury stocks flexibly, taking into account stock price levels and other circumstances. 

Repurchase of treasury stock in the past five years

*Excluding acquisition of treasury stock for the purpose of Issuance of Stock Acquisition Rights in the form of Stock Options .

Ratings

Analysts’ Coverage

Stock Performance