Information on Shares and Shareholders

Information on Shares and Shareholders

Shareholder Memo

Fiscal Year March 1 to end of February
Vesting date to vote at annual
shareholder’s meeting
End of February
Vesting date to receive
a year-end dividend
End of February
Annual Shareholder’s Meeting During May each year
Transfer agent Mitsubishi UFJ Trust and Banking Corporation
Account Management
Institution for Special Account
Mitsubishi UFJ Trust and Banking Corporation
Address of the agent Share Transfer Agency Department
Mitsubishi UFJ Trust and Banking Corporation
TEL 0120-232-711 (Tool Free)
Stock Exchange Listings Tokyo Stock Exchange, Inc. 1st Section (Japan)
Method of announcement Announcements are made electronically. However, when announcements cannot be made electronically for any reason, they are printed in the Nihon Keizai Shimbun
http://www.onward-hd.co.jp/

Trends in the Company's Stock Price

High and Low Stock Prices for the Past Five Years

Fiscal year 02/17 02/18 02/19 02/20 02/21
Closing of accounts End of Feb.
2017
End of Feb.
2018
End of Feb.
2019
End of Feb.
2020
End of Feb.
2021
High for the year (¥) 919 1,007 975 673 544
Low for the year (¥) 603 763 536 480 185

Major Shareholders and Ratio of Shareholding

Kashiyama Scholarship Foundation 6.4%
Onward Holdings Customers’ Shareholdings Association 3.8%
The Master Trust Bank of Japan, Ltd. (Trust account) 3.7%
Nippon Life Insurance Company 3.4%
Fumiya Shino 3.0%
The Dai-ichi Life Insurance Company, Ltd. 3.0%
STATE STREET BANK AND TRUST COMPANY 505001 2.3%
Sumitomo Mitsui Banking Corporation 2.1%
SMBC Nikko Securities Inc. 1.9%
Isetan Mitsukoshi Ltd. 1.6%
  (As of February 28, 2021)

Note:
1.Shareholdings are rounded down to the nearest 1,000 shares.
2.The Company holds 22,322,000 shares of treasury stock. Treasury stock is not included in the above Major Shareholders information.
3.Percentage of total shares issued are calculated after deducting 22,322,000 shares of treasury stock.

Number of shares outstanding

157,921,669 (As of February 28, 2021)

Dividend Policy

The management of Onward Holdings recognizes the distribution of a portion of the profits to shareholders as one of its top priorities. The basic policy of the Company is to set a target dividend payout ratio of 35% or more and strive to make stable distributions from profits that are linked to trends in the Company’s performance.

The Company pays dividends once each fiscal year, based on a decision made at the annual General Meeting of Shareholders. For the fiscal year ended February 28, 2021, taking into consideration the business performance for the fiscal year, the Company has decided to pay a cash dividend of \12 per share, down \12 from the previous fiscal year.

Retained earnings will be leveraged in a flexible manner that strikes a balance among strategic investments for the consolidation of a solid business structure, improving the Company’s financial position, and other factors.