Dividends / Shareholder Returns

Dividend Policy

As for the policy for shareholder return, the Company has been increasing or maintaining our dividend per share at a constant level, while taking into account the importance of making investments for medium-to long-term growth and ensuring sufficient internal reserves for the purpose of stabilizing our financial base. With respect to the required level of shareholders’ equity, the Company’s basic philosophy is as follows.

  • Prepare a financial basis sound enough for the Company to capture growing business opportunities promptly and accurately
  • Ensure sufficiency in comparison with risks associated with business activities and assets
  • Maintain the level of financial rating required for conducting financial business, while sustaining the level of shareholders equity in compliance with regulatory requirements

For the current fiscal year, the Company decided to pay dividend of ¥4.5 per share (¥4.5 per share for the previous fiscal year) at the Meeting of the Board of Directors held on February 13, 2017, in accordance with the aforementioned basic policy.

As a general rule of the Company, distribution of dividends of surplus is decided by the Board of Directors, and payment in principle is made once a year in the form of year-end dividend. Payment of dividends in accordance with the provisions of Article 459, Paragraph 1 of the Companies Act shall be subject to the flexible judgment allowing for the management circumstances and other factors.

Dividends

(JPY)
Fiscal Year Dividend per Share
(Annual)
Dividend per Share
(Adjusted for stock splits)
FY2016
4.5
4.5
FY2015
4.5
4.5
FY2014
4.5
4.5
FY2013
4.0
(incl. Commemorative dividend) 1.0
4.0
(incl. Commemorative dividend) 1.0
FY2012
3.0
3.0
FY2011
250
2.5
FY2010
200
2.0
FY2009
100
1.0
FY2008
100 *
1.0 *
FY2007
100
1.0
FY2006
50
0.5
FY2005
50
0.5
FY2004
250
0.25
FY2003
250
0.25
  • Rakuten's dividend paid on March 30, 2009 (JPY 100 per share) has been paid out from capital surplus.

Share Repurchase

Period for Share Repurchase Method of Repurchase Number of Shares Repurchased (Shares) Total Cost of Shares Repurchased (JPY)
May 9, 2001 –
May 28, 2001
Purchased in the market
700
674,704,000
August 23, 2002 –
September 17, 2002
Purchased in the market through a trust bank
4,340
474,970,500

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