Dividend Policy

Daio Paper (“the Company”) places top priority on the return of profit to shareholders and sets a basic policy to continue to pay stable dividends, while taking into consideration factors such as the status of business and the sufficiency of retained earnings.
The Company’s basic policy is to pay dividends twice a year, an interim dividend and a year-end dividend. The decision-making bodies for the distribution of retained earnings are the General Meeting of Shareholders for the year-end dividend and the Board of Directors for the interim dividend.
For the fiscal year ended March 31, 2018, we paid an annual dividend of ¥10.50 per share, which includes an interim dividend of ¥5.00, in line with the policy described above.
Retained earnings are used effectively for upfront investments in growth areas, capital expenditures to enhance future corporate competitiveness, and the improvement of our financial position, to further strengthen our corporate foundation.
In its articles of incorporation, the Company stipulates that “the Company may, by a resolution of the Board of Directors, pay interim dividends to the shareholders or registered share pledgees whose names appear or are recorded as such on the register of shareholders as at the closing thereof on the 30th day of September each year.”

Resolution

Total Amount of Dividends
(millions of yen)
Cash Dividends per Share
(yen)
Board of Directors’ Meeting held on November 10, 2017 732 5.00
General Shareholders’ Meeting held on June 28, 2018 805 5.50
(FY) 2013 2014 2015 2016 2017
Interim 4.00 4.00 4.00 4.00 5.00
Fiscal year-end 4.50 4.50 6.50 5.50 5.50
Total 8.50 8.50 10.50 10.50 10.50

Treasury stock

Class of shares, etc.

Acquisition of common stock under Article 155(vii) of the Companies Act

  1. Status of acquisition based on resolution approved at the General Meeting of Shareholders
    Not applicable.
  2. Status of acquisition based on resolution approved by the Board of Directors
    Not applicable.
  3. Contents of acquisition of treasury shares not based on a resolution approved at the General Meeting of Shareholders or by the Board of Directors
    Classification Number of Shares
    (shares)
    Total Amount of Acquisition Price
    (yen)
    Treasury stock acquired during the fiscal year ended March 31, 2018 431 615,672
    Treasury stock acquired between April 1, 2018 and May 31, 2018 188 289,739

    ※ The number of treasury stocks acquired between April 1, 2018 and May 31, 2018 does not include shares less than one full unit purchased between June 1, 2018 and the date of submission of the annual securities report.

  4. Status of disposition and holding of acquired treasury stocks

    (※ This table scroll horizontally)

    Classification Fiscal year ended March 31, 2018 April 1, 2018 to May 31, 2018
    Number of Shares
    (shares)
    Total Amount of Disposal Price (yen) Number of Shares
    (shares)
    Total Amount of Disposal Price (yen)
    Acquired treasury stock for which subscribers were solicited
    Acquired treasury stock that was retired
    Acquired treasury stock that was transferred in association with merger, share exchange or corporate split
     Other
    Number of treasury stocks held 2,915,634 2,915,822

    ※ The number of treasury stocks acquired between April 1, 2018 and May 31, 2018 does not include shares less than one full unit purchased between June 1, 2018 and the date of submission of the annual securities report.

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