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 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
Toshiro Ota 1,350,100 2.82
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 by category of shareholder

Breakdown of ownership among shareholders

Breakdown of ownership among shareholders