Paid and Planned Dividends

Dividend Policies

We make it a basic policy to distribute profit to our shareholders by setting a consolidated payout ratio of approximately 30% as a medium- to long-term target in consideration of the importance of maintaining the internal cash reserves required to increase our corporate value through the stable development of the redevelopment business, the building leasing business, and other businesses of the Company over the long term.

Paid and Planned Dividends

  2016/03 2017/03 2018/03 2019/03 2020/03
(Forecast)
Annual dividends per share (Yen) 26.0 26.0 37.0 48.0 50.0
Interim dividend (Yen) 11.0 13.0 17.0 20.0 25.0
Year-end dividend (Yen) 15.0 13.0 20.0 28.0 25.0
Planned dividends (%) 23.5 23.1 27.9 30.2 30.2
  • * Breakdown of interim dividend for the fiscal year ending March 2018
    Ordinary dividend 15.0 yen
    Commemorative dividend 2.0 yen (70th anniversary commemorative dividend)
    Breakdown of year-end dividend for the fiscal year ending March 2018
    Ordinary dividend 18.0 yen
    Commemorative dividend 2.0 yen (70th anniversary commemorative dividend)

Note:The forecasts and other forward-looking statements stated in this reference material were compiled based on information available to the Company and certain assumptions considered reasonable at the time this material was compiled. Accordingly, we have no intention of guaranteeing that the views will become reality. Actual results may differ significantly from these forecasts due to various factors, including changes in our business environment.

The Status of Own Shares Repurchases

Period for repurchases Method of repurchases Total number of shares to be acquired Aggregate amount of acquisition cost
From April 26, 2019, to October 31, 2019 Acquisitions on the Tokyo Stock Exchange 800,000 shares
(upper limit)
2.0 bilion yen
(upper limit)
From April 27, 2018, to July 13, 2018 Acquisitions on the Tokyo Stock Exchange 1,200,000 shares 2,597,561,181 yen
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