Our Approach to Shareholder Return
The return of profits to shareholders is a key management issue at Noritz.
For the three years from 2018 to 2020, we will actively work to return profits to our shareholders, with a goal of a total return ratio of 50% on a consolidated basis, including share buybacks.
Stock Information（As of December 31, 2018）
Total no. of authorized stocks：156,369,000
Total no. of issued stocks：50,797,651
No. of shareholders：4,803
Status of Major Shareholders
|Name of Shareholders||No.of shared held||Voting ratio(%)|
|The Dai-ichi Life Insurance Company limited||2,303,100||4.82|
|Sumitomo Mitsui Banking Corporation||2,199,695||4.60|
|The Master Trust Bank of Japan ,Ltd.(trust account)||1,828,000||3.82|
|Noritz Trade Connection Stock Ownership||1,796,609||3.76|
|Chofu Seisakusho Co., Ltd.||1,520,000||3.18|
|The Chase Manhattan Bank, N.A. London||1,437,600||3.00|
|Japan Trustee Service Bank, ltd.(trust account)||1,320,800||2.76|
|Noritz Employee Stock Ownership||1,302,215||2.72|
|Noritz Client Shareholding Association||1,134,900||2.37|
NOTE 1: While the company owns 2,986,419 shares of treasury stock, this figure is not listed in the chart above.
NOTE 2: Shareholder ratio is calculated after deducting 2,986,419 shares of treasury stock.
Breakdown by category of shareholder
Breakdown of ownership among shareholders