Basic Dividend Policy
MGC’s management believes that its most important task is to increase corporate value through the expansion and growth of the MGC Group. Accordingly, it aims to return optimal amounts of profit to shareholders and internal reserves after fully taking into account plans for borrowing and investing in future business development, the company’s financial soundness, and the outlook for financial results in the future. Profits are allocated to internal reserves for the purpose of strengthening MGC’s financial footing and investing in business expansion and growth. As a basic policy, management aims to ensure stable dividends, paid twice each fiscal year as an interim and fiscal year-end dividend, and decides on the amount in consideration of the company’s recent financial performance, leaving room for flexibility. At the same time, management takes into account market conditions with a view to acquire the company’s own shares in order to increase capital efficiency and the value of dividends paid to shareholders.
|Dividend per share|
|Dividend payout ratio
- * With and effective date of October 1, 2016, MGC conducted a reverse stock split for MGC’s ordinary shares on a 2:1 basis. As a result, The Dividend per share in the table calculated assuming that the reverse stock split had been conducted at the beginning of FY2008.
Shareholder Special Benefits
MGC does not have a shareholder rewards program.