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 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.
|Period of Share Buyback||Method of Buyback||Aggregate Number of Shares Buyback
|Aggregate Price of Shares Buyback
(millions of yen)
|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 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 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 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 123.3KB)|
|May 27, 2015 -
Jun. 12, 2015
|Purchase on the Tokyo stock Exchange||10,000||7,423||(Japanese only) (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.