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)

Changes in Dividend per Share

(Unit: yen)

Dividend
per share
  The 143nd term The 144rd term The 145th term The 146th term The 147th term
March
2012
March
2013
March
2014
March
2015
March
2016
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.