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Shareholder Return

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.

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.

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

MUFG Press Releases

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