Cross Marketing Group

Stock and Bond Information

Distribution of Profits

Dividend policy

The Company believes that returning profits to its shareholders is an important management matter. Its basic policy is to return profits to shareholders by distributing dividends, taking investment in business and cash flows into comprehensive consideration. The dividend policy is constantly returning profits to the shareholders through dividend payments, aiming for a consolidated payout ratio of around 15% based on the current strong demand for funds and the business investment plan.

The Company will pay dividends basically twice a year: interim dividends and year-end dividends. Interim dividends are determined by the Board of Directors, and year-end dividends are determined at the shareholders’ meeting. The Articles of Incorporation stipulate that the Company may pay dividends of surplus in money by a resolution of the Board of Directors to those shareholders or registered pledgees of shares that are entered or recorded in the final shareholder registry on June 30 every year.

Dividends per share

(単位:円)
2014/12
2015/12
2016/12
2017/12
2018/12
Interim dividend 2.25 1.50 2.50 3.25 2.50
Year-end dividend 2.25 4.50 3.00 2.25 3.00
Annual cash dividends 4.50 6.00 5.00 5.50 5.50
Year-end dividend
Interim dividend
* Dividends of 17/12 is planned value

Acquisition and retirement of treasury shares

The company held 186 shares of common stock as treasury shares as of the end of fiscal 2016.
The company did not acquire or retire any treasury shares in the two most recent fiscal years.

Stock sprit

Date
Stock split ratio
April 18, 2008
1:100
February 18, 2013
1:2
June 1, 2014
1:3