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.

Our Approach to Shareholder Return

Stock Information(As of June 30, 2018)

Total no. of authorized stocks:156,369,000
 Total no. of issued stocks:50,797,651
No. of shareholders:4,628

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
Noritz Trade Connection Stock Ownership 1,736,209 3.63
The Master Trust Bank of Japan ,Ltd.(trust account) 1,582,100 3.31
Chofu Seisakusho Co., Ltd. 1,520,000 3.18
Japan Trustee Service Bank, ltd.(trust account) 1,442,500 3.02
The Chase Manhattan Bank, N.A. London 1,437,600 3.01
Toshiro Ota 1,350,100 2.82
Noritz Employee Stock Ownership 1,249,215 2.61
Noritz Client Shareholding Association 1,119,400 2.34


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 by category of shareholder

Breakdown of ownership among shareholders

Breakdown of ownership among shareholders