Our basic principle is to increase our corporate value in a sustainable way as we drive investments in the growth areas and enhancing our operating base in an aggressive yet proper manner, while keeping a right balance of returning profits to our shareholders.

 

To ensure shareholder return, we will consistently offer dividend of more than 7.5 yen per share semi-annually and, from time to time, buy back the Company’s stocks with discretion of the management team. The Company will aim to pursue enhanced total shareholder return*.

 

  * Total shareholder return = (total capital gain + total dividends paid) /invested amount

The Company implement a benefit program for shareholders for the purpose of showing its gratitude to all its shareholders for their support, increasing the number of owners of its shares together with the number of the shares owned by each shareholder by making its shares more attractive for shareholders to hold, and promoting a further understanding of the business of the Company among non-shareholders as well as shareholders. The following benefit program will be implemented for the reference date on September 30, 2020.

Eligible shareholders

Shareholders who own 100 shares (i.e. 1 shares unit) or more which are under custody in the brokerage accounts of Monex, Inc., a subsidiary of the Company, as of September 30 or March 31 each year, and who trade at least once per the referred period.

Note) The above only applies to the Company’s shares by cash trading, not by margin trading. It is not pplicatble to shareholders who has no transaction during the referred period.

 

Feature of the shareholder benefit program

Eligible shareholders receive Monex points according to the amount of brokerage commission paid for cash trading of any symbols (including the amount of consumption tax, etc.) during a defined period in each shareholder’s brokerage account of Monex, Inc. The points to be provided are determined depending on the number of shares held at the reference date as per the table below.

For reference, one Monex points is equivalent to one yen.

The number of shares at the reference date	Providing points
	Shareholders who trade at least once in the referred period
	Cashback rate to be multiplied by the amount of brokerage commission for the cash trading	Maximum points (half-year period)	Minimum points (half-year period)
100~999	-	-	50 points
1,000~1,999	0.50%	10,000 points	500 points
2,000~19,999	2.00%	20,000 points	500 points
20,000~	10.00%	30,000 points	500 points

Note ) The above does not apply to shareholders who close the brokerage account at the timing of providing points. Also it does not count the brokerage commissions traded with the Monex point held by each shareholder.