Shareholder Return / Dividends

Basic Policy on Profit Allocation

Our firm recognizes that one crucial issue for its management is simultaneously securing competitiveness in our business lines and returning profits to our shareholders. However, when establishing new businesses to increase our corporate value, we will prioritize investment in businesses.

Status of Dividends

In FY2020, we were able to cover the deficit through a capital reduction and realize a plan for shareholder return. However, as a result of comprehensively considering our financial situation and other factors, we regret to say that we have decided not to pay any dividends.
At the same time, in November 2020, we acquired treasury stock totaling 153 million yen as a shareholder return.

Regarding dividends from the next fiscal year onward, we will strive to realize an early dividend return while taking into consideration the balance with the investment required for growth.

Change in Dividends (As of June 25, 2021)

	Dividends per Share			Dividend Ratio (Consolidated)
	Midterm Dividend（JPY）	Year-End Dividend（JPY）	Annual Dividend（JPY）	Dividend Ratio (Consolidated)
2019	0.00	0.00	0.00	-
2020	0.00	0.00	0.00	-
2021	pending	pending	pending	-

Acquisition of Treasury Stock

Purchase Period	No. of Shares Purchased	Total Purchase Value	Details
Nov. 1, 2021 – Jan. 26, 2022	299,500 shares	¥249,997,600	PDF:98KB
Nov. 2, 2020 – Nov. 13, 2020	1,600,000 shares	¥153,650,900	PDF:98.5KB
Jul. 28, 2011 – Nov. 30, 2011	717,100 shares	¥93,428,300	PDF:87KB
Dec. 17, 2010 – Jan. 7, 2011	790,000 shares	¥134,984,100	PDF:85KB

As of October 1, 2021, the reverse stock split was carried out at a ratio of one-for-10 shares of common stock,

Disposal of Treasury Stock

Date of Disposal	No. of Disposed Shares	Total Disposal Value	Details
Mar. 19, 2021	454,400 shares	¥39,987,200	PDF:155KB
Dec. 19, 2014	350,000 shares	¥106,750,000	PDF:119KB