Stock Information
(As of June 30, 2020)

Common Shares Issued

400,000,000
(including 542,030 in treasury stock)

Number of Shareholders

66,544

Stock Listings

Common Stock: Tokyo Stock Exchange (Code: 4911)
American Depositary Receipts: U.S. Over-the-Counter

Share Units

100

Shareholder Composition by Number of Shares Held

Shareholder Composition by Number of Shares Held

Shareholder Composition by Number of Shareholders

Shareholder Composition by Shareholder Type

Principal Shareholders

Shareholders	Number of Shares Held (thousand shares)	Percentage of Shareholding (%)
The Master Trust Bank of Japan, Ltd. (Trust Account)	49,948	12.50
Japan Trustee Services Bank, Ltd. (Trust Account)	24,323	6.08
Japan Trustee Services Bank, Ltd. (Trust Account 7)	11,948	2.99
BNYM TREATY DTT 15	10,217	2.55
Mizuho Trust & Banking Co., Ltd. re-trusted to Trust & Custody Services Bank, Ltd. Employees Pension Trust for Mizuho Bank	10,000	2.50
Japan Trustee Services Bank, Ltd. (Trust Account 5)	8,188	2.04
THE BANK OF NEW YORK 134104	7,127	1.78
JP MORGAN CHASE BANK 385781	6,632	1.66
SSBTC CLIENT OMNIBUS ACCOUNT	6,491	1.62
JP MORGAN CHASE BANK 385632	6,475	1.62

*Calculations of percentage of shareholding are based on the total number of issued and outstanding shares excluding treasury stock.

Basic Policy for Shareholder Returns

We aim to achieve total returns, comprising direct returns to shareholders through dividends and medium-to-long term share price gains. Based on this approach, our basic policy is to focus on making strategic investment for sustainable growth, thus aiming for maximization of corporate value. At the same time we will enhance capital efficiency exceeding capital costs, with a view to increasing dividends and our share price over the medium-to-long term.
Upon determining dividends, we will achieve long-term, stable and continuous enhancement of returns with emphasis given to consolidated business results and free cash flow, and set the minimum level of Dividend on Equity (DOE*) of 2.5%, which we see as an indicator that reflects our capital policy. We will also buy back shares flexibly taking the market environment into consideration.

* DOE＝Annual Cash Dividend/ Equity

Dividends per Share

Dividend Forecast for FY2020

While the Company forecasts a net loss for the fiscal year ending December 31, 2020 due to COVID-19, it will continue to pay stable dividends. However, since the timing of recovery is uncertain and the Company needs to maintain its liquidity, the interim dividend for 2020 will be reduced by 10 yen from the 30 yen in the previous fiscal year, to 20 yen per share. The year-end dividend forecast will also be reduced by 10 yen to 20 yen. As a result, the annual dividend will be 40 yen per share, down 20 yen from the previous year.
Furthermore, the Company has received a proposal from its CEO and corporate officers to reduce their remuneration as a step for improving profitability in response to the deteriorating market environment. Following discussions by the Executive Remuneration Advisory Committee, the Board of Directors has resolved to reduce the amount of remuneration.

Business Term	Interim dividend per share (Yen)	Year-end dividend per share (Yen)	Annual dividends per share (Yen)
FY2020	20	20(plan)	40(plan)
FY2019	30	30	60
FY2018	20	25	45
FY2017	12.50	15	27.50
FY2016	10	10	20
FY2015	10	10	20
FY2014	10	10	20
FY2013	10	10	20
FY2012	25	25	50
FY2011	25	25	50

ADR Information

In addition to common shares, our ADRs are traded over-the-counter (OTC) in the U.S.

Type of ADR Program	Sponsored Level 1 ADR
Exchange	OTC (Over-the-counter)
ADR Ratio	1 ADR: 1 Common Share
Symbol	SSDOY
CUSIP	824841407
Depositary Bank	The Bank of New York Mellon 240 Greenwich Street 8W New York, NY 10286, U.S.A.
Local Custodian Bank	Mizuho Bank, Ltd.
Share Price Reference	Click here for BNY MELLON's website