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%

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.