Dividend policyThe Company regards shareholder returns as one of the important key issues in management. Our basic policy is to pay dividends linked to performance, taking into consideration of internal reserves for business expansion. The payout ratio is based on 30%.
Dividend change (after stock listing)
Acquisition of treasury stock70,281 shares
Shareholder benefit program
（1）Entitled shareholdersA shareholder who is listed on the shareholder registry at of the end of August and who has the same shareholder number as of the end of February of the same year. A shareholder who hold 200 shares (two unit) or more.
|Right of benefit program||End of Feb 2020||End of Aug 2020|
（2）Content of shareholder benefit programDepending on the number of shares held, we will send rice of reduced chemical fertilizer “Koshihikari” harvested in Niigata, the hometown of CEO Umeda.
|Entitled shareholder||A shareholder who is listed on the shareholder registry as of the end of August every year and who has the same shareholder number at the end of February of the same year, who owns 200 shares (2 units) or more|
|Content of shareholder benefit program||More than 200 stocks Less than 1,000 stocks Rice “Koshihikari” 1kg|
|More than 1,000 stocks Less than 4,000 stocks Rice “Koshihikari” 2kg|
|More than 4,000 stocks Less than 16,000 stocks Rice “Koshihikari” 5kg|
|More than 16,000 stocks Rice “Koshihikari” 10kg|
（3）Delivery periodRice is shipped every autumn (after harvest).
（4）Selected riceThe rice delivered to shareholders is selected rice with reduced pesticide use and reduced chemical fertilizer cultivation (specially cultivated agricultural products authorized by Niigata Prefecture), which is produced by farmer Mr.Katsuzo Watanabe. The rice grown based on the "Katsuzo rule" is a really delicious with a pleasant smell when cooked. So, please look forward to it.