Distribution of Dividends

(as of August 31, 2018)

Dividend policy

【 Basic policy 】
Continued dividend increase
Increase from around 35% to around 80% in stages.

Annual dividend per share

  Period Ended August 2015 Period Ended August 2016 Period Ended August 2017 Period Ended August 2018 Period Ending August 2019
(estimate)
Dividend per share (yen)
(Interim dividend per share (yen) included)
34.00
(17.00)
38.00
(19.00)
40.00
(20.00)
42.00
(21.00)
30.00
(15.00)
Dividend payout ratio (%)
(consolidated)
39.6 107.8 52.0 169.8 78.1

Transition of dividend per share (yen)

Transition of dividend per share

Review of shareholder benefit program

Review of shareholder benefit program

We have a shareholder benefit program for shareholders in order to express our gratitude for the continued support of our shareholders, make investment in the Company shares more attractive, and increase shareholders who hold Company shares over the long term.

Details of benefits

1. Shareholders in scope

shareholders as of August 31 every year (record date)

2. Details of benefits

QUO gift card equivalent to the following amounts corresponding to the number of shares held and length of holding (once a year)

Continuous holding period of less than 3 years Continuous holding period of 3 years or longer
100 shares or more but less than 500 Equivalent to 1,000 yen Equivalent to 3,000 yen
500 shares or more but less than 1,000 Equivalent to 2,000 yen Equivalent to 4,000 yen
1,000 shares or more Equivalent to 3,000 yen Equivalent to 5,000 yen

Recorded in the shareholder register for 3 consecutive years (7 recorded dates) under the same number.