Distribution of Profits

Basic Policy Regarding Distribution of Profits

In addition to reflecting consolidated performance trends, dividend levels are to be determined based on the consideration of such factors as the level of funds required for M&A transactions, capital investment and new product development investments needed to support priority business expansion, as well as other measures aimed at increasing the Company’s corporate value in the future. Adequate buybacks will be undertaken considering the situation of cash flows and stock prices. The Company has the policy of shareholders’ return that puts emphasis on cash dividends, setting the dividend payout ratio of over 25%.

Cash dividends applicable to the fiscal year ended March 31, 2017 are expected to total ¥70.00 per share.

Regarding the fiscal year ending March 31, 2018, the Company anticipates that interim dividends will be ¥35.50 per share, year-end dividends will be ¥35.50 per share, and total dividends applicable to the year will amount to ¥75.00 per share.

Dividend Trends

Date of the beginnings of cash dividends for the fiscal year ended March 2017: June 30, 2017.

Annual Dividend per Share(¥)
Fiscal Year Annual Dividend per Share (Yen) Interim Year-End

FY2017/3 (ending March 2018)

75.00 (forecast) 37.50 (forecast) 37.50 (forecast)

FY2017/3 (ending March 2017)

70.00 (forecast) 35.00 35.00 (forecast)

FY2016/3 (ending March 2016)

65.00 32.50 32.50

FY2015/3 (ended March 2015)

60.00 25.00 35.00

FY2014/3 (ended March 2014)

50.00 20.00 30.00

FY2013/3 (ended March 2013)

40.00 20.00 20.00

FY2012/3 (ended March 2012)

35.00 17.50 17.50

FY2011/3 (ended March 2011)

30.00 15.00 15.00

FY2010/3 (ended March 2010)

25.00 12.50 12.50

FY2009/3 (ended March 2009)

30.00 17.50 12.50

FY2008/3 (ended March 2008)

35.00 17.50 17.50

FY2007/3 (ended March 2007)

25.00 12.50 12.50

FY2006/3 (ended March 2006)

25.00 12.50 12.50

FY2005/3 (ended March 2005)

25.00 12.50 12.50

FY2004/3 (ended March 2004)

25.00 12.50 12.50

FY2003/3 (ended March 2003)

25.00 12.50 12.50

FY2002/3 (ended March 2002)

25.00 12.50 12.50

FY2001/3 (ended March 2001)

22.50 11.25 11.25

*During the abovementioned period, the Company has not implemented a stock allocation.

Shares Buyback

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)

May 2-Nov. 15, 2016

Purchase on the Tokyo stock Exchange

12,936 50.0

Aug. 3, 2015-Feb. 16, 2016

Purchase on the Tokyo stock Exchange

21,022 100.0

Jan. 29-Jul. 31, 2015

Purchase on the Tokyo stock Exchange

10,910 50.0

Nov. 18-Dec. 14, 2010

Purchase on the Tokyo stock Exchange

6,959 20.0

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

Reduction of the Basic Trading Unit of Shares

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.