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Dividends

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Basic Dividend Policy

The MGC Group places the improvement of corporate value as a challenge on the management of the greatest importance. Based on the view that the improvement of corporate value will lead to the benefits of all stakeholders including shareholders, the MGC Group takes into consideration investment and lending plans, financial health, and future business trends in order to realize future business growth, and works to achieve a balanced allotment of retained earnings and returns to shareholders. Retained earnings are allotted to be used as investment and lending funds for business expansion and growth and to strengthen the corporate structure. Regarding dividends, the decision to continue steady dividends is made taking into account trends in business results, while working to improve capital efficiency and enhance returns to shareholders through implementing flexible purchase of treasury shares in consideration of the levels of retained earnings and shareholder return, while MGC will set a new total payout ratio of 40% as a target for medium-term shareholder returns.

Dividend Payments

  Dividend per share
(Record date) Interim
(Yen)
Fiscal year-end
(Yen)
Annual
(Yen)
Dividend payout ratio
(%)
Fiscal 2020 35 35 70 40.4
Fiscal 2019 35 35 70 69.7
Fiscal 2018 35 35 70 27.2
Fiscal 2017 24 35 59 21.0
Fiscal 2016 16 22 38 17.2
Fiscal 2015 16 16 32 20.7
Fiscal 2014 14 14 28 14.2
Fiscal 2013 12 12 24 36.2
Fiscal 2012 12 12 24
Fiscal 2011 12 12 24 44.0
Fiscal 2010 8 8 16 19.1
Fiscal 2009 8 8 16 62.1
Fiscal 2008 16 16 32 104.6
  • * 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.

Shares Buyback

Period of Share Buyback Method of Buyback Aggregate Number of Shares Buyback
(thousand Shares)
Aggregate Price of Shares Buyback
(millions of yen)
Disclosure Materials
Nov. 6, 2019 -
Jan. 27, 2020
Purchase on the Tokyo stock Exchange 2,992 4,999 Notice on the Progress in and Completion of Share Buyback (PDF file will be opened.PDF 439.3KB)
May 14, 2019 -
Jul. 18, 2019
Purchase on the Tokyo stock Exchange 2,700 3,730 Notice on the Progress in and Completion of Share Buyback (PDF file will be opened.PDF 420.0KB)
Nov. 2, 2017 -
Jan. 19, 2018
Purchase on the Tokyo stock Exchange 2,207 6,999 Notice on the Progress in and Completion of Share Buyback (PDF file will be opened.PDF 124.4KB)
May 11, 2016 -
May 27, 2016
Purchase on the Tokyo stock Exchange 10,000 6,253 Notice on the Progress in and Completion of Share Buyback (PDF file will be opened.PDF 123.3KB)
May 27, 2015 -
Jun. 12, 2015
Purchase on the Tokyo stock Exchange 10,000 7,423 (Japanese only) (PDF file will be opened.PDF 50.9KB)
  • * With and effective date of October 1, 2016, MGC conducted a reverse stock split for MGC’s ordinary shares on a 2:1 basis.

Shareholder Special Benefits

MGC does not have a shareholder rewards program.