Policy on Shareholder Returns
Stock Price and Dividends
| Term | 94 | 95 | 96 | 97 | 98 | 99 | |
|---|---|---|---|---|---|---|---|
| Fiscal Year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | |
| Stock Price |
High | 6,600 | 6,380 | 5,510 | 3,245 | 2,989 | 2,690 |
| Low | 4,570 | 4,475 | 2,473 | 2,035 | 2,270 | 2,196 | |
| Dividend per Share | 150 | 140 | 140 | 90 | 120 | 120 | |
| Payout Ratio (Consolidated) |
33.6% | 27.7% | 39.4% | 47.6% | 27.8% | 27.8% | |
| Payout Ratio | 84.8% | 44.0% | 60.4% | 86.9% | 31.7% | 21.3% | |
Notes
＊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.
