Return to Shareholders (Dividends, etc.)

During our current three-year medium-term management plan, Tokyu Corporation is working to keep stable dividends and further enhance shareholder returns, aiming to achieve a total return ratio of 30% after large-scale investments for growth in areas such as Shibuya and Minami-machida have settled. 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)


  The 146th term The 147th term The 148th term The 149th term The 150th term
Interim 8.00 8.00 9.00 9.00 10.00
Year-end 8.00 9.00 9.00 10.00 10.00(forecast)
Annual 16.00 17.00 18.00 19.00 20.00(forecast)
*1 No share split was conducted during the terms above.
*2 On August 1, 2017, the Company conducted a reverse stock split (every two common shares were merged into one). In this graph, dividends that take the reverse stock split into consideration are stated.

Acquisition of Treasury Shares

  The 145th term The 146th term The 147th term The 148th term The 149th term
Number of stocks acquired (stocks) 240,288 13,987,622 11,876,171 15,218,939 51,519
Acquisition amount (yen) 169,866,084 10,150,237,216 10,115,753,584 12,723,167,396 52,299,655
Accumulated total number of treasury shares (stocks) 3,154,559 3,349,614 15,218,715 30,428,590 15,242,781
*1 On September 30, 2014, 13,786,000 treasury shares were retired.
*2 The number of stocks acquired and accumulated total number of treasury shares are the actual number (figures before the stock consolidation as of August 1, 2017).