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 make investments for future business expansion and enhance shareholder returns as well as securing a sound financial foundation. The priority for distribution of profits is i) investment necessary for future business expansion used in R&D investments, capital investments, M&A or alliances, and development of human resources, and ii) shareholder returns. In terms of shareholder returns, the Company will increase dividends in a stable manner in line with growth in business performance. Share buybacks are conducted in a flexible manner, taking into account comprehensively the Company’s future business deployment, investment plans, retained earnings, and stock price level. The Company has revised the indicators and targets for shareholder returns from a consolidated dividend payout ratio of 30% or more to a consolidated total return ratio of 35% or more.
Years ended March 31, yen
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 （Expected） |
||
|---|---|---|---|---|---|---|---|
| Dividend Per Share(yen) | 1Q | - | - | - | - | - | - |
| 2Q | 17.00 | 17.00 | 19.00 | 20.00 | 30.00 | 15.00 | |
| 3Q | - | - | - | - | - | - | |
| FY-End | 18.00 | 38.00 | 48.00 | 41.00 | 31.00 | 16.00 | |
| Total | 35.00 | 55.00 | 67.00 | 61.00 | 61.00 | 31.00 | |
| Amount of Dividends(million yen) | 2,980 | 4,684 | 5,661 | 5,131 | 5,125 | - | |
| Payout Ratio(%) | 30.2 | 25.7 | 24.2 | 30.0 | 30.1 | 32.5 | |
| Ratio of Total Amount of Dividends to Net Assets(%) | 2.5 | 3.6 | 3.8 | 3.2 | 2.9 | - | |
Note: At the Board of Directors’ meeting held on May 13, 2024, the Company resolved that each share of common stock will be split into two shares effective on July 1, 2024. The annual dividends per share for the fiscal year ending March 31, 2025 (forecast) are based on the amount taking into consideration the stock split. Annual dividends per share for the fiscal year ending March 31, 2025 (forecast) without taking the stock split into account would be 62.00 yen.
|
Date of Repurchase |
Number of Shares Repurchased (shares) |
Total Repurchase Amount (million yen) |
|
250,000 |
1,123 |
|
|
322,500 |
999 |
|
|
289,800 |
896 |
|
|
473,900 |
1,499 |
|
|
500,000 |
1,470 |
|
|
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 |
|
Date of Cancellation |
Number of Shares Cancelled (shares) |
Ratio of the Total Number of Shares Issued Before the Cancellation |
|
500,000 |
0.56% |
|
|
1,000,000 |
1.11% |
|
|
May 20, 2015 |
1,800,000 |
1.97% |
