Notice Concerning Intensification of Shareholder Returns to Enhance Shareholder Value
On May 11, 2017, Ushio Inc. (hereinafter the “Company”) announced “Medium-Term Management Plan (FY17～FY19.)” In its Medium-Term Management Plan, The Company set the key initiatives to maintain and improve profitability in existing businesses and to pursue new growth opportunities in order to solidify the foundation for the next leap forward. The Company also set a capital allocation policy to purchase own treasury shares, taking flexible approach while considering share price levels, in order to return profits to shareholders in a stable and consistent manner.
On December 20, 2018, the Company announced the treasury shares purchase of maximum amount of 10 billion yen worth (maximum 8 million shares) to improve capital efficiency and to enable to conduct flexible capital measure. This time, the Company announces, as the additional shareholder return measurement, to increase annual dividends from 30 yen per share to 50 yen per share in order to enhance shareholder value through intensifying shareholder returns and improving capital efficiency. In addition to that, for the purpose to erase concerns on dilution of shares in the future, the Company resolves to retain its treasury shares of approximately 5% of the total number of issued shares at maximum and cancels the excess portion of the treasury shares in each year.
The Company will continuously conduct shareholder returns and improve capital efficiency.
On December 20, 2018, the Company announced the treasury shares purchase of maximum amount of 10 billion yen worth (maximum 8 million shares) to improve capital efficiency and to enable to conduct flexible capital measure. This time, the Company announces, as the additional shareholder return measurement, to increase annual dividends from 30 yen per share to 50 yen per share in order to enhance shareholder value through intensifying shareholder returns and improving capital efficiency. In addition to that, for the purpose to erase concerns on dilution of shares in the future, the Company resolves to retain its treasury shares of approximately 5% of the total number of issued shares at maximum and cancels the excess portion of the treasury shares in each year.
The Company will continuously conduct shareholder returns and improve capital efficiency.
For detailed information, please refer to this document（
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