The 14th Medium-Term Management Plan, which began in April 2024, establishes as a target whichever is higher of the two amounts calculated based on a dividend ratio of 50% and a dividend on equity (DOE) ratio of 4.0%.
We award a total of two dividends each fiscal year, namely, an interim dividend and a year-end dividend. The former is determined by resolution of the Board of Directors, while the latter is determined by resolution of the Regular General Meeting of Shareholders.
| FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Annual dividend per share | FY2020 | 36.00 yen | FY2021 | 36.00 yen | FY2022 | 43.00 yen | FY2023 | 48.00 yen | FY2024 | 67.00 yen | FY2025 | 79.00 yen (forcast) |
| Interim dividend per share | FY2020 | 18.00 yen | FY2021 | 18.00 yen | FY2022 | 19.00 yen | FY2023 | 24.00 yen | FY2024 | 28.00 yen | FY2025 | 39.00 yen |
| Consolidated dividend payout ratio | FY2020 | 38.8% | FY2021 | 39.3% | FY2022 | 35.8% | FY2023 | 43.9% | FY2024 | 50.7% | FY2025 | - |
Currently, it is not adopted.
