RIKEN CORPORATION

Investor Relations

Policy on Shareholder Returns

Stock Price and Dividends

Term 87 88 89 90 91 92
Fiscal Year 2010 2011 2012 2013 2014 2015
Stock
Price
High 444 386 405 522 497 521
Low 248 262 260 359 375 344
Dividend per Share 10 10 11 12 12 12
Payout Ratio
(Consolidated)
25.9% 24.2% 29.6% 25.9% 29.2% 33.4%
Payout Ratio 43.3% 40.2% 40.3% 32.9% 42.9% 36.2%

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.