Our Approach to Shareholder Return
With respect to internal reserves, we aim to use reserves efficiently to increase corporate value, focusing on R&D for new environmental technologies, firming up and expanding our quality assurance system, and expanding into new businesses. Furthermore, our basic policy is to issue dividends from surpluses twice a year at midterm and term-end. The decision-making bodies for these dividend payments are the ordinary meeting of shareholders for the year-end dividend and the board of directors' meeting for the midterm dividend.
Stock Information（As of December 31, 2015）
Total no. of authorized stocks：156,369,000
Total no. of issued stocks：50,797,651
No. of shareholders：4,706
Status of Major Shareholders
|Name of Shareholders||No.of shared held||Voting ratio(%)|
|The Dai-ichi Life Insurance Company limited||2,745,700||5.74|
|Sumitomo Mitsui Banking Corporation||2,199,695||4.60|
|Noritz Trade Connection Stock Ownership||1,617,309||3.38|
|Chofu Seisakusho Co., Ltd.||1,520,000||3.18|
|MSIP Client Securities||1,437,800||3.01|
|Noritz Employee Stock Ownership||1,301,915||2.72|
|Japan Trustee Service Bank, ltd.(trust account)||1,262,500||2.64|
|CBNY-Government of Norway||1,195,600||2.50|
|Nippon Electric Glass Co., Ltd.||1,119,300||2.34|
NOTE 1: While the company owns 2,984,637 shares of treasury stock, this figure is not listed in the chart above.
NOTE 2: Shareholder ratio is calculated after deducting 2,984,637 shares of treasury stock.
Breakdown by category of shareholder
Breakdown of ownership among shareholders