Basic Policy for Shareholder Returns
Our total shareholder return policy emphasizes maximizing returns to shareholders through direct means in addition to generating medium- and long-term share price gains. Based on this approach, our fundamental policy is not only to give highest priority to strategic investments to realize sustainable growth for the purpose of maximizing corporate value but also enhance the efficiency of investment capital while focusing on capital cost, which will lead to medium- to long-term increases in dividends and higher share prices.
We focus on consolidated performance and free cash flow in determining dividends and have set a dividend on equity attributable to owners of the parent (DOE) of 2.5% or higher as one indicator that reflects our capital policy to ensure stable and consistent growth in shareholder returns over the long term. Our policy with respect to share buybacks is to remain flexible and make such decisions based on the market environment.
Dividend Record Dates and Payable Dates
|
| Interim dividend | Year-end dividend |
|---|---|---|
| Record date | June 30th | December 31st |
| Payable date | Early September | Following the ordinary general meeting of shareholders (late March) |
Dividends per Share
| Business Term | Interim dividend per share (Yen) | Year-end dividend per share (Yen) | Annual dividends per share (Yen) |
|---|---|---|---|
| FY2024 | 30（Forecast） | 30（Forecast） | 60（Forecast） |
| FY2023 | 30 | 30 | 60 |
| FY2022 | 25 | 75 （Ordinary dividend 25） （Commemorative dividend 50） | 100 |
| FY2021 | 20 | 30 | 50 |
| FY2020 | 20 | 20 | 40 |
| FY2019 | 30 | 30 | 60 |
| FY2018 | 20 | 25 | 45 |
| FY2017 | 12.50 | 15 | 27.50 |
| FY2016 | 10 | 10 | 20 |
| FY2015 | 10 | 10 | 20 |
ABOUT US
BRANDS
SUSTAINABILITY
INNOVATION
CAREERS
INVESTORS