UNION TOOL GROUP ("UTG") believes that it is essential to carry out well-balanced profit
allocation to shareholders, investments for future growth, and bolstering financial stability.
UTG’s basic policy is to decide annual shareholders return based on the consolidated financial
performance along with the free cash flow.
Shareholder return is carried out in two ways; cash dividends and share buy back.
UTG regards cash dividends as the base of the shareholder return.
UTG shall buy back shares on a timely basis looking at the short-term cash position.
UTG has bought back shares since 2010 onwards. UTG shall study the possibility of similar
volume of share buy back in coming years.