RIKEN CORPORATION

Investor Relations

Policy on Shareholder Returns

Stock Price and Dividends

Term 89 90 91 92 93 94
Fiscal Year 2012 2013 2014 2015 2016 2017
Stock
Price
High 405 522 497 521 381
[5,270]
6,600
Low 260 359 375 344 300
[3,395]
4,570
Dividend per Share 11 12 12 12 66 150
Payout Ratio
(Consolidated)
29.6% 25.9% 29.2% 33.4% 30.0% 33.6%
Payout Ratio 40.3% 32.9% 42.9% 36.2% 48.8% 84.8%
Notes
  1. The company performed a 1-for-10 reverse stock split effective on October 1, 2016. Regarding the stock price of the 93rd fiscal term, the highest and lowest stock price before the reverse stock split is shown on the table, and the highest and lowest stock price after the reverse stock split is shown in brackets underneath.
  2. The dividend per share of the 93rd fiscal term of 66 yen is the sum of the interim dividend per share of 6 yen and the year-end dividend per share of 60 yen. As the company performed a 1-for-10 reverse stock split effective on October 1, 2016, the interim dividend per share of 6 yen is the amount before the reverse stock split and the year-end dividend per share of 60 yen is the amount after the reverse stock split. The dividend per share of the 94th fiscal term of 150 yen includes the 90th anniversary commemorative dividend of 30 yen.

Policy on Shareholder Returns

Riken's fundamental dividend policy is to maintain stable dividend levels on interim and year-end dividends, with considerations of its overall business performance and dividend payout ratio.

The corporation stipulates its capability of making interim dividend payment in its articles of incorporation. The decision-making bodies for the dividend payments are general meeting of shareholders for year-end dividends, and the board of directors for interim dividends due to enable flexible distribution of surplus for dividend payment.

The internal capital reserves will be effectively used to enhance corporate value by investing to those activities, including R"D and establishment of global operation, that bolster competitive advantage.