Dividends and Shareholder Benefit Program

Basic Policy for Profit Distribution

The Company considers the return of profits to its shareholders to be one of the important missions of the management, and has established the basic policy of maintaining stable dividends while taking into consideration securing the internal reserves and reinforcing financial standing for the future business expansion. The profit distribution has been made by the basic policy and comprehensively considering business performance levels. The Company has set the target for the consolidated payout ratio of approximately 20% over the medium to long-term basis.

Dividends paid in recent fiscal years

In light of the Basic Policy for Profit Distribution described above and comprehensive consideration of the need to build internal reserves for strengthening management practices and ensuring the sustainable growth of business in the future, the Company paid 30.00 yen per share as the year-end dividend for the fiscal year ended December 31, 2019.

Fiscal Year Dividend per share Dividend Patio
FY2014 17.00 yen
(Ordinary dividend 14.00 yen)
(Commemorative dividend 3.00 yen)
9.4%
FY2015 32.00 yen 10.4%
FY2016 21.00 yen*
(Ordinary dividend 19.00 yen)
(Commemorative dividend 2.00 yen)
17.3%
FY2017 25.00 yen 14.2%
FY2018 30.00 yen
21.8%
FY2019 30.00 yen 43.2%
FY2020 10.00 yen
(Ordinary dividend 5.00 yen)
(Commemorative dividend 5.00 yen)
125.3%

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

Shareholder Benefit Program

MUGEN ESTATE, while appreciating the ongoing support of its shareholders, seeks to increase the value of its stock, increase the number of shareholders who own its shares for the medium to long term, and establish a more open governance structure by encouraging many people to own its shares. With these goals in mind, the Company has been undertaking shareholder incentive programs.

① Eligible Shareholders

【Record date】June 30, 2021 and thereafter

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

② Benefit

MUGEN ESTATE's original QUO CARD (example).

③ Scheduled delivery

Mid to end of September.

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