IR Information


Dividends and Shareholder Benefit Program

Basic Policies

We define the return of profits to shareholders as one of our key management issues, and our basic policy is to continue to pay stable dividends while strengthening our financial position for long-term business expansion and to increase retained earnings.

Dividends paid in recent fiscal years

In light of the above basic policy on profit distribution, we have decided to set the annual dividend per share for the fiscal year ending December 31, 2021 at 15.00 yen per share, taking into consideration the overall need to strengthen our management structure and retain earnings for the continued growth of our business in the future.

Fiscal Year Dividend per share Dividend Patio
FY2014 17.00yen
(Ordinary dividend 14.00yen)
(Commemorative dividend 3.00yen)
FY2015 32.00yen 10.4%
FY2016 21.00yen※
(Ordinary dividend 19.00yen)
(Commemorative dividend 2.00yen)
FY2017 25.00yen 14.2%
FY2018 30.00yen 21.8%
FY2019 30.00yen 43.2%
FY2020 10.00yen
(Ordinary dividend 5.00yen)
(Commemorative dividend 5.00yen)
FY2021 15.00yen 28.2%
FY2022 (Revised Forecast) 17.00yen 30.2%

※MUGEN ESTATE conducted a 2-for-1 split which became effective as of July 1, 2016.

Shareholder Benefit Program
Holding period:Holding period of one year or longer

※Being specified or registered three consecutive times under the same shareholder number on the shareholder register on June 30 and December 31 every year, and holding one unit (100 shares) or more of the Company’s stock.

Amount of stock held on record date Benefit
100 to 499 shares QUO CARD worth 1,000 yen
500 to 999 shares QUO CARD worth 2,000 yen
1,000 shares or more QUO CARD worth 3,000 yen

We will be dispatching the benefit, in mid to late September of each year, to the addresses listed or recorded in the shareholder register as of the end of June the same year.