Basic Policy on Shareholder Returns

Dividend levels not only reflect consolidated performance trends, but also are to be determined based on the consideration of such factors as the level of funds required for increasing the Company’s corporate value in the future, including M&A transactions, capital investment and new product development investments needed to support priority business expansion. Adequate buybacks will be undertaken considering the situation of cash flows and stock prices. The Company has the policy on shareholder returns that puts emphasis on cash dividends, targeting the dividend payout ratio of 30%.

Dividend Trends

Date of the beginnings of Year-end cash dividends for the fiscal year ending March 2024: June 28, 2024

*Details of year-end dividends for the fiscal year ending March 31, 2024:
  Ordinary dividend ¥ 70.00, 90th anniversary commemorative dividend ¥ 10.00

Annual Dividend per Share(¥)
Fiscal Year Annual Dividend per Share
(Yen)
Interim Year-End
FY2023 (ended March 2024) 150.00 70.00 80.00
FY2022 (ended March 2023) 130.00 60.00 70.00
FY2021 (ended March 2022) 110.00 55.00 55.00
FY2020 (ended March 2021) 100.00 47.50 52.50
FY2019 (ended March 2020) 95.00 47.50 47.50
FY2018 (ended March 2019) 80.00 40.00 40.00
FY2017 (ended March 2018) 75.00 37.50 37.50
FY2016 (ended March 2017) 70.00 35.00 35.00
FY2015 (ended March 2016) 65.00 32.50 32.50
FY2014 (ended March 2015) 60.00 25.00 35.00
FY2013 (ended March 2014) 50.00 20.00 30.00
FY2012 (ended March 2013) 40.00 20.00 20.00
FY2011 (ended March 2012) 35.00 17.50 17.50
FY2010 (ended March 2011) 30.00 15.00 15.00
FY2009 (ended March 2010) 25.00 12.50 12.50
FY2008 (ended March 2009) 30.00 17.50 12.50
FY2007 (ended March 2008) 35.00 17.50 17.50
FY2006 (ended March 2007) 25.00 12.50 12.50
FY2005 (ended March 2006) 25.00 12.50 12.50
FY2004 (ended March 2005) 25.00 12.50 12.50
FY2003 (ended March 2004) 25.00 12.50 12.50
FY2002 (ended March 2003) 25.00 12.50 12.50
FY2001 (ended March 2002) 25.00 12.50 12.50
FY2000 (ended March 2001) 22.50 11.25 11.25

*During the abovementioned period, the Company has not implemented a stock allocation.

Shares Buyback

The buyback will be conducted to increase the return to shareholders and improve capital efficiency as well as to enable the Company to implement a more flexible capital policy going forward, including the conduct of exchange of shares.

Period of Share Buyback

Method of Buyback

Aggregate Number of
Shares Buyback
(Thousand Shares)

Aggregate Price of 
Shares Buyback
(Billions of yen)

Disclosure Materials

Mar. 16, 2020-Apr. 30, 2020

Purchase on the Tokyo stock Exchange

364

1.6

Notice of Execution and Completion of Buyback of Company Shares

Jan. 6, 2020-Mar. 12, 2020

Purchase on the Tokyo stock Exchange

9,338

50.0

Notice of Execution and Completion of Buyback of Company Shares

Aug. 13, 2018-Feb. 19, 2019

Purchase on the Tokyo stock Exchange

21,286

100.0

Notice of Execution and Completion of Buyback of Company Shares

Sep. 15, 2017-Mar. 30, 2018

Purchase on the Tokyo stock Exchange

10,870

50.0

Notice of Execution and Completion of Buyback of Company Shares

May 2-Nov. 15, 2016

Purchase on the Tokyo stock Exchange

12,936

50.0

Notice of Execution and Completion of Buyback of Company Shares

Aug. 3, 2015-Feb. 16, 2016

Purchase on the Tokyo stock Exchange

21,022

100.0

Notice of Execution and Completion of Buyback of Company Shares

Jan. 29-Jul. 31, 2015

Purchase on the Tokyo stock Exchange

10,910

50.0

Notice of Execution and Completion of Buyback of Company Shares

Nov. 18-Dec. 14, 2010

Purchase on the Tokyo stock Exchange

6,959

20.0

Notice of Execution and Completion of Buyback of Company Shares

Nov. 5-Dec. 17, 2008

Purchase on the Tokyo stock Exchange

15,780

35.0

Announcement of Execution of Buyback of Company Shares

Nov. 12-Nov. 29, 2007

Purchase on the Tokyo stock Exchange

4,000

19.4

Announcement of Execution of Buyback of Company Shares

Oct. 1-Oct. 15, 2007

Purchase on the Tokyo stock Exchange

2,700

14.7

Announcement of Execution of Buyback of Company Shares

Mar. 4-Mar. 18, 2005

Purchase on the Tokyo stock Exchange

1,097

4.3

Announcement of Execution of Buyback of Company Shares

Feb. 1-Mar. 3, 2005

Purchase on the Tokyo stock Exchange

2,760

10.7

Announcement of Execution of Buyback of Company Shares

Reduction of the Basic Trading Unit of Shares

Regarding the reduction of the basic trading unit of its shares, Fujifilm believes it is important to provide investment opportunities to a greater number of investors, particularly individuals, and to increase market liquidity. Accordingly, as of September 1, 2004, the trading unit size was reduced from 1,000 shares to 100 shares.