デュエルビッツ 入金方法ship with Shareholders and Investors

The デュエルビッツ 入金方法el Group strives to increase the corporate value of the Group as a whole by pursuing business development from a medium- to long-term perspective. As part of our efforts, we naturally place a high priority on returning profits to shareholders and recognize the importance of enhancing management transparency through open communication with all stakeholders, including shareholders and investors. To that end, we are committed to the appropriate and timely disclosure of a broad array of information and to its widespread release.

デュエルビッツ 入金方法el places high priority on returning profits to shareholders and is committed to increasing its overall corporate value by pursuing business development from a medium- to long-term perspective.

The distribution of profits is decided based on comprehensive consideration of various factors, including the company's current financial position, trends in business performance, and future demand for capital. With regard to dividends, デュエルビッツ 入金方法el's policy is to provide continuous and stable distribution, taking into account such factors as each period's business results and the payout ratio.

We make use of internal reserves in an effort to improve profitability by allocating a portion to investment for future growth and to improve and strengthen our financial constitution.

For the foreseeable future, we will share our profits in accordance with our business results, targeting a dividend payout ratio of about 15 percent to 25 percent of our consolidated net income.

Our Articles of Incorporation stipulate that the distribution of retained earnings shall be determined by the Board of Directors based on Article 459-1 and Article 460-1 of the Companies Act.

Accordingly, dividends are in principle paid out twice a year, at the end of the half-year period and at the end of the fiscal year, as stipulated by the Articles of Incorporation, after resolution by the Board of Directors. For dividends to be paid out on any other date, the date must be designated separately by the Board.

* Dividend payout ratios are not applicable for fiscal 2012, fiscal 2015 and fiscal 2016 due to the posting of a consolidated net loss.

* As デュエルビッツ 入金方法el carried out a share consolidation at a ratio of 10 shares to 1 share on October 1, 2016, yearly dividends listed above were stated assuming the occurance of a share consolidation at the beginning of fiscal 2012. Additionally, dividends were not paid in fiscal 2012 and fiscal 2016.

* As the share conconsolidation of 10 shares to 1 share was implemented on October 1, 2016, net income (loss) per share was calculated assuming the occurance of a share consolidation at the beginning of fiscal 2012.

We see shareholders' meetings as a forum for communication with shareholders. To encourage as many as possible to exercise their voting rights, we send out invitations and post announcements on the デュエルビッツ 入金方法el website well in advance, release information in English for the benefit of overseas members, and choose dates that do not conflict with other major shareholders' meetings. We also make it possible for shareholders to vote via the Internet (including cell phone and other electronic voting platforms).

Since fiscal 2007 we have been holding facility visits for shareholders to help them deepen their understanding of the デュエルビッツ 入金方法el Group and its diverse lines of business. To date we have invited 5,365 shareholders (including their partners) to a total of 19 tours. The following are the sites that have been visited thus far:

We will continue to hold tours at various sites in the future to give shareholders a deeper understanding of our operations. We will also consider holding tours at new sites and increasing the number of tours given.

We hold briefings on financial results four times a year for institutional investors and securities analysts in Japan, to give them a better understanding of デュエルビッツ 入金方法el's management policies, operating results, and financial position.

We also arrange individual meetings to maintain ongoing communication with institutional investors and securities analysts, both at home and abroad.