Basic policies for shareholder returns
MUFG continuously seeks to improve shareholder returns, focusing on dividends in the pursuit of an optimal balance with solid equity capital and strategic investment for growth.
Dividends
MUFG aims for a stable and sustainable increase in dividends per share through profit growth, with a dividend payout ratio target of 40%.
→ Target a dividend payout ratio of 40% by the end of FY2023.
→ Target a dividend payout ratio of 40% by the end of FY2023.
Share Repurchase
MUFG plans to flexibly repurchase its own shares, as part of its shareholder return strategies, in order to improve capital efficiency.
→ Consider (1) Performance progress / forecast and capital situation, (2) Strategic investment opportunities (3) Market environment including share price.
→ Confirm if MUFG’s capital level remains stable as required to secure “A” or higher credit rating.
→ Consider (1) Performance progress / forecast and capital situation, (2) Strategic investment opportunities (3) Market environment including share price.
→ Confirm if MUFG’s capital level remains stable as required to secure “A” or higher credit rating.
Share Cancellation
In principle, MUFG plans to hold a maximum of approximately 5% of the total number of issued shares, and cancel shares that exceed this amount.
Repurchase of Own Shares
| Repurchase period | Aggregate Number of Repurchased Shares | Aggregate Amount of Repurchase Price |
|---|---|---|
| Nov. 14, 2019 to Dec. 23, 2019 | Aggregate Number of Repurchased Shares
85,775,400 shares
|
Aggregate Amount of Repurchase Price
￥49,999,996,482
|
| Nov. 14, 2018 to Dec. 10, 2018 | Aggregate Number of Repurchased Shares
159,836,800 shares
|
Aggregate Amount of Repurchase Price
￥99,999,974,078
|
| May 16, 2018 to Jun. 4, 2018 | Aggregate Number of Repurchased Shares
72,420,700 shares
|
Aggregate Amount of Repurchase Price
￥49,999,969,714
|
| Nov. 15, 2017 to Dec. 22, 2017 | Aggregate Number of Repurchased Shares
127,666,900 shares
|
Aggregate Amount of Repurchase Price
￥99,999,957,675
|
| May 16, 2017 to Jun. 21, 2017 | Aggregate Number of Repurchased Shares
141,158,900 shares
|
Aggregate Amount of Repurchase Price
￥99,999,941,022
|
| Nov. 15, 2016 to Dec. 22, 2016 | Aggregate Number of Repurchased Shares
142,238,800 shares
|
Aggregate Amount of Repurchase Price
￥99,999,993,960
|
| May 17, 2016 to Jun. 13, 2016 | Aggregate Number of Repurchased Shares
190,614,800 shares
|
Aggregate Amount of Repurchase Price
￥99,999,963,346
|
| Nov. 16, 2015 to Dec. 8, 2015 | Aggregate Number of Repurchased Shares
121,703,700 shares
|
Aggregate Amount of Repurchase Price
￥99,999,982,169
|
| May 18, 2015 to Jun. 16, 2015 | Aggregate Number of Repurchased Shares
111,151,800 shares
|
Aggregate Amount of Repurchase Price
￥99,999,972,728
|
| Nov. 17, 2014 to Dec. 18, 2014 | Aggregate Number of Repurchased Shares
148,595,500 shares
|
Aggregate Amount of Repurchase Price
￥99,999,965,771
|
| Dec. 3, 2007 to Dec. 13, 2007 | Aggregate Number of Repurchased Shares
126,513,900 shares
|
Aggregate Amount of Repurchase Price
￥149,999,921,400
|