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, 2019, 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 8, 2018 | 752 | 5.00 |
| General Shareholders’ Meeting held on June 27, 2019 | 829 | 5.50 |
| (FY) | 2014 | 2015 | 2016 | 2017 | 2018 |
|---|---|---|---|---|---|
| Interim | 4 | 4 | 4 | 5 | 5 |
| Fiscal year-end | 4.5 | 6.5 | 5.5 | 5.5 | 5.5 |
| Total | 8.5 | 10.5 | 10.5 | 10.5 | 10.5 |
Treasury stock
Class of shares, etc.
Acquisition of common stock under Article 155(vii) of the Companies Act
- Status of acquisition based on resolution approved at the General Meeting of Shareholders
Not applicable. - Status of acquisition based on resolution approved by the Board of Directors
Not applicable. - 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, 2019 559 838,303 Treasury stock acquired between April 1, 2019 and May 31, 2019 50 63,850 ※ The number of treasury stocks acquired between April 1, 2019 and May 31, 2019 does not include shares less than one full unit purchased between June 1, 2019 and the date of submission of the annual securities report.
- Status of disposition and holding of acquired treasury stocks
(※ This table scroll horizontally)
Classification Fiscal year ended March 31, 2019 April 1, 2019 to May 31, 2019 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 2,916,193 – 2,916,243 – ※ The number of treasury stocks acquired between April 1, 2019 and May 31, 2019 does not include shares less than one full unit purchased between June 1, 2019 and the date of submission of the annual securities report.
