Return to Shareholders (Dividends, etc.)

The basic policy of Tokyu Corporation with respect to the distribution of profits is to distribute stable and continuous dividends, considering a target rate of dividends to equity capital (total dividends / average consolidated equity capital during the period x 100) of 2% during the period of the current three-year medium-term management plan. The Company has also included a provision in its Articles of Incorporation, which stipulates that it may distribute an interim dividend as permitted in Article 454, Paragraph 5 of the Companies Act. Thus, the Company distributes a dividend from its surplus twice a year (an interim dividend and a year-end dividend). The decision-making bodies for these dividends are the Board of Directors for the interim dividend and a general meeting of shareholders for the year-end dividend. The Company does not plan to change the number of dividends.

Changes in Dividend per Share

(Unit: yen)

Dividend

  The 143rd term The 144th term The 145th term The 146th term The 147th term
2012/3
2013/3
2014/3
2015/3
2016/3
Interim 3.00 3.50 3.50 4.00 4.00
Year-end 3.50 3.50 4.00 4.00 4.50
Annual 6.50 7.00 7.50 8.00 8.50
*No share split was conducted during the terms above.

Acquisition of Treasury Shares

  143rd term 144th term 145th term 146th term 147th term
2012/3
2013/3
2014/3
2015/3
2016/3
Number of stocks acquired (stocks) 174,537 195,903 240,288 13,987,622 11,876,171
Acquisition amount (yen) 62,734,853 83,808,679 169,866,084 10,150,237,216 10,115,753,584
Accumulated total number of treasury shares (stocks) 2,744,817 2,922,788 3,154,559 3,349,614 15,218,715
* No retirement of treasury shares was carried out during the periods described above.