Shareholder return is a key managerial focus for the Company. We aim to provide stable dividends to our shareholders taking into account the cash needs for investment to drive sustainable growth as well as the risk, financial performance and stability.
Specifically, while also accounting for future business needs, we will set 30% payout ratio to consolidated net income and 2% dividend on equity (DOE) as our metrics and pay the higher of the two amounts in order to provide stable dividends to our shareholders.
FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 (Expected) |
||
---|---|---|---|---|---|---|---|
Dividend Per Share(yen) | 1Q | - | - | - | - | - | - |
2Q | 25.00 | 0.00 | 40.00 | 50.00 | 55.00 | - | |
3Q | - | - | - | - | - | - | |
FY-End | 25.00 | 10.00 | 60.00 | 80.00 | 0.00 | - | |
Total | 50.00 | 10.00 | 100.00 | 130.00 | 55.00 | - | |
Amount of Dividends(million yen) | 632 | 126 | 1,265 | 1,633 | 677 | - | |
Payout Ratio(%) | 32.2 | 49.6 | 33.3 | 37.4 | 15.5 | - | |
Dividend on equity ratio (DOE)(%) | 2.5 | 0.5 | 4.6 | 5.3 | 2.0 | - |
As per the "Notice Regarding the Dividend of Surplus (No Dividend Payment) and the Discontinuation of the Shareholder Benefit Program " announced on February 9, 2024, the Company passed a resolution to discontinue the shareholder benefit program which record date is December 31 of each year, conditional upon the successful completion of the Tender Offer. Therefore, if the Tender Offer is successfully completed, the Company’s shareholder benefit program will be discontinued effective from the shareholder benefits for shareholders eligible for shareholder benefits as of December 31, 2023.