Seikagaku’s policy on shareholder returns is to aim for stable and continuous  dividends in terms of a medium- to long-term perspective and to continue paying an annual dividend of ¥26 per share. Seikagaku will also consider purchases of treasury stock, as appropriate, taking into account future business development and the total return ratio.

Share buy-backs in the past

Period of acquisition	Total number of shares acquired	Aggregate amount of acquisition cost
From Ｊune 15, 2018  to July 4, 2018	200,000 shares	302 million yen
From Ｊｕｌｙ 1, 2016  to July 29, 2016	200,000 shares	332 million yen
From November 11, 2008  to November 27, 2008	200,000 shares	196 million yen
From May 15, 2008  to June 19, 2008	500,000 shares	551 million yen
From May 15, 2007  to July 24, 2007	500,000 shares	689 million yen
From August 4, 2005  to November 2, 2005	467,400 shares	562 million yen

Seikagaku aims to enhance shareholder returns and to realize sustained growth through well-balanced business investment in R&D, production system development, and other areas.