content_image/287759.jpg content_image/287760.jpg content_image/287762.jpg
## Capital Expenditures 

Astellas makes capital expenditures on an ongoing basis with the aim of reinforcing its capabilities and efficiency in R&D and production, its capabilities in sales and marketing, and its operational efficiency. Capital expenditures in fiscal 2013 totaled ¥25.7 billion, down 19.9% year on year (based on the value of property, plant and equipment). 

In fiscal 2014, capital expenditures are forecast to increase 28.4% to ¥33.0 billion. 

## Earnings Per Share, Dividends and Equity Attributable to Owners of the Parent 

## Per Share Data 

<img src='content_image/287759.jpg'>

* The Company conducted a stock split of common stock at a ratio of 5 to 1 with an effective date of April 1, 2014. Earnings per share and equity per share attributable to owners of the parent are calculated based on the number of shares issued after the stock split (excluding treasury shares) on the assumption that the stock split was conducted at the beginning of the year ended March 2013. 

## Policy on Shareholder Returns 

Astellas is working to boost shareholder returns through sustained growth in enterprise value. While prioritizing the re-investment of funds in the business to foster growth, Astellas strives to achieve stable and sustained growth in dividends, based on medium to long-term consolidated earnings growth and taking the dividend on equity attribut- able to owners of the parent (DOE) ratio into consideration. Furthermore, Astellas will flexibly purchase treasury stock as necessary to improve capital efficiency and the level of return to shareholders. 

## Common Stock 

<img src='content_image/287760.jpg'>

## Treasury Shares 

<img src='content_image/287762.jpg'>

The Company cancelled 25,000 thousand treasury shares* 1  on May 30, 2014. 

The Company acquired own shares worth ¥30.0 billion (23,310 thousand shares* 1 ) from May 13, 2014 to June 23, 2014. 

*1 The Company conducted a stock split of common stock at a ratio of 5 for 1 with an effective date of April 1, 2014. Figures for common stock and treasury stock are calculated based on the number of shares issued after the stock split (excluding treasury shares) on the assumption that the stock split was conducted at the beginning of fiscal 2012. 

*2 Excludes purchases of shares constituting less than a trading unit 

## ROE and DOE 

Return on equity (ROE) was 7.4%, down 0.6 of a percent- age point from fiscal 2012. The DOE ratio was 5.0%, down 0.2 of a percentage point from fiscal 2012. 

## Stock Split 

The Company conducted a stock split of common stock at a ratio of 5 for 1 with an effective date of April 1, 2014. 

## (Purpose of stock split) 

The purpose is to expand the Company’s investor base and enhance the liquidity of its stock by reducing the price per unit of shares to provide investors with more affordable purchase opportunities. 

## (Method of stock split) 

The stock split had a record date of March 31, 2014 and involved the splitting of common stock owned by share- holders entered or recorded in the last register of share- holders as of the record date at a ratio of 5 for 1. (Increase in number of shares by stock split) 

Total number of issued shares before stock split: 

Increase in number of shares by stock split: 

Total number of issued shares after stock split: 

Total number of authorized shares after stock split: 

456,964,635 shares 

1,827,858,540 shares 

2,284,823,175 shares 

9,000,000,000 shares 

