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Stockholder Return Policy
Systena recognizes the return of profit to stockholders as a key management issue, and pursues a basic policy of dividends in line with business performance while taking into the account the provision of stable and continual dividends. In concrete terms, Systena will actively return profits to stockholders under a target dividend ratio of 40% in light of operating results in each period.
In addition, Systena's basic policy is to pay twice-yearly dividends of surplus funds in the form of an interim dividend and year-end dividend. The decision-making bodies for dividends are the General Meeting of Shareholders for year-end dividends and the Board of Directors for interim dividends.
Systena plans to make effective use of retained earnings to enhance its human resource development and expand business bases to accommodate the expansion of business size expected in the future.
Status of Dividends
| Dividends Per Share (Yen) | Payout Ratio (Consolidated) |
|||
|---|---|---|---|---|
| Interim | Year-End | Total | ||
| 2012 / 3(Estimated) | 1,300 | 1,600 | 2,900 | 72.4% |
| 2011 / 3 *1 | 1,300 | 1,300 | 2,600 | 26.8% |
| 2010 / 3(five-month) *2 | - | 1,000 | 1,000 | 65.7% |
| 2009 / 10 | 1,200 | 1,200 | 2,400 | 45.4% |
| 2008 / 10 | 1,200 | 1,200 | 2,400 | 42.4% |
| 2007 / 10 | 700 | 700 | 1,400 | 38.0% |
- *1Midway through the fiscal year ended March 2011 (forecast), end-of-period dividends per share will each include a merger commemorative dividend of 100 yen.
- *2Due to the unusual five-month reporting period associated with the change of accounting period, only a year-end dividend will be made for the fiscal year ended March 2010.
