nihonkohden

Stock Information

Dividend

Basic Policy on Distribution of Profits and Dividends

Nihon Kohden recognizes that returning profits to shareholders is one of management's most important tasks. The basic policy on distribution of profits and dividends is to maintain stable and continuous dividend payments while retaining necessary reserves for future business expansion. Retained earnings are used in R&D investments, capital investments, M&A and development of human resources. The Company regards cash dividends as the base of the shareholder return and sets a target consolidated dividend payout ratio of 30% or more. Share buyback is considered in a flexible manner, taking into account comprehensively its future business deployment, investment plan, retained earnings, and stock price level.

Dividend per Share and Consolidated Dividend Payout Ratio

(Yen)
FY
Ended
March
2013
FY
Ended
March
2014
FY
Ended
March
2015
FY
Ended
March
2016
FY
Ended
March
2017
Dividend per Share
Full-year Dividend
Interim Dividend
Year-end Dividend

52.0
22.0
30.0

70.0
30.0
40.0

70.0
35.0
35.0

35.0
17.0
18.0

35.0
17.0
18.0
Consolidated Dividend Payout Ratio (%)
25
25
28
29
33

Dividend *Effective on April 1, 2015, each shares of common stock was split into two shares. Dividends per share from FY ended March 2012 to FY ended March 2015 were actual payment amounts.

Repurchase of Treasury Stock

Date of Repurchase Number of Shares Repurchased
(shares)
Total Repurchase Amount
(million yen)
March 11, 2016 2,000,000 5,834
June 2, 2015 200,000 599
November 27, 2007 100,000 252
February 20, 2007 285,000 733
February 17, 2005 300,000 396
September 13, 2002 920,000 430

Cancellation of Treasury Stock

Date of Cancellation Number of
Shares Cancelled (shares)
Ratio of the Total Number of
Shares Issued Before the Cancellation 
May 20, 2015 1,800,000 1.97%