In addition to reflecting consolidated performance trends, dividend levels are to be determined based on consideration of such factors as the level of cash required for capital and R&D investments needed to support future business expansion as well as other measures aimed at increasing the Company's corporate value in the future. As a means of supplementing dividends, the Company will also flexibly move to employ surplus cash flow to buyback shares in a manner that contributes to greater capital efficiency.
Considering the current time as a period of “Second Foundation”, the Company is intensively implementing capital investments, M&A transactions, and R&D investments in its priority business fields. In view of this situation, the Company has targeted a dividend payout ratio of 25%.
Cash dividends, applicable to the fiscal year ending March 31, 2012, are total ¥35.00 per share.
Date of the beginnings of interim cash dividends for the fiscal year ending March : December 2, 2011.
| Fiscal Year | Annual Dividend per Share (Yen) | Interim | Year-End |
|---|---|---|---|
FY2012 (ending March 2012) |
35.00 | 17.50 | 17.50 |
FY2011 (ending March 2011) |
30.00 | 15.00 | 15.00 |
FY2010 (ending March 2010) |
25.00 | 12.50 | 12.50 |
FY2009 (ending March 2009) |
30.00 | 17.50 | 12.50 |
FY2008 (ending March 2008) |
35.00 | 17.50 | 17.50 |
FY2007 (ending March 2007) |
25.00 | 12.50 | 12.50 |
FY2006 (ending March 2006) |
25.00 | 12.50 | 12.50 |
FY2005 (ending March 2005) |
25.00 | 12.50 | 12.50 |
FY2004 (ending March 2004) |
25.00 | 12.50 | 12.50 |
FY2003 (ending March 2003) |
25.00 | 12.50 | 12.50 |
FY2002 (ending March 2002) |
25.00 | 12.50 | 12.50 |
FY2001 (ending March 2001) |
22.50 | 11.25 | 11.25 |
*During the abovementioned period, the Company has not implemented a stock allocation.
The buyback will be conducted to increase the return to shareholders and improve capital efficiency as well as to enable the Company to implement a more flexible capital policy going forward, including the conduct of exchange of shares.
| Period of Share Buyback | Method of Buyback | Aggregate Number of Shares Buyback (Thousand Shares) |
Aggregate Price of Shares Buyback (Billions of yen) |
|---|---|---|---|
Nov. 18-Dec. 14, 2010 |
Purchase on the Tokyo stock Exchange |
6,959 | 20 |
Nov. 5-Dec. 17, 2008 |
Purchase on the Tokyo stock Exchange |
15,780 | 35.0 |
Nov. 12-Nov. 29, 2007 |
Purchase on the Tokyo stock Exchange |
4,000 | 19.4 |
Oct. 1-Oct. 15, 2007 |
Purchase on the Tokyo stock Exchange |
2,700 | 14.7 |
Mar. 4-Mar. 18, 2005 |
Purchase on the Tokyo stock Exchange |
1,097 | 4.3 |
Feb. 1-Mar. 3, 2005 |
Purchase on the Tokyo stock Exchange |
2,760 | 10.7 |
Regarding the reduction of the basic trading unit of its shares, Fujifilm believes it is important to provide investment opportunities to a greater number of investors, particularly individuals, and to increase market liquidity. Accordingly, as of September 1, 2004, the trading unit size was reduced from 1,000 shares to 100 shares.