Dividends and Dividend Payout Ratios

Dividend policy

We are committed to enhancing our corporate value by strengthening our earning power to enable sustainable growth and building a foundation for growth as a global company.
We position the return of profits to our shareholders as an important management task, we implement dividends based on the principle of stability and continuity while maintaining the soundness of our financial condition with a focus on capital efficiency.
Based on this policy, we aim to consider a consolidated dividend on equity (DOE) ratio of at least 3.0% and a consolidated dividend payout ratio of around 30% in a comprehensive manner.
Additionally, regarding the acquisition of treasury shares, we will excute it as appropriate, considering our financial situation and medium-to-long-term funding needs.
Our basic policy is to pay dividends from surplus twice a year as interim and year-end dividends. These dividends from surplus are decided at the general meeting of shareholders for year-end dividends and by the Board of Directors for interim dividends. Our Articles of Incorporation stipulate that we may pay interim dividends with September 30 as the record date.

Dividends

Dividend

Stock Split

Effective date Split ratio Number of shares after split
January 1, 2016 1:4 72,376,400

*The current total number of shares outstanding is 73,896,400.

Status of Acquisition/Cancellation of Treasury Shares

(Unit:Shares)

Number of shares held at beginning of year Number of shares acquired during fiscal year Number of treasury shares disposed of during fiscal year Number of treasury shares held at end of year Ownership to total number of shares issued at end of year (%)
FY2019 3,042,930
-
-
3,042,930
4.1%
FY2020 3,042,930
80
128,029
2,914,981
3.9%
FY2021 2,914,981
-
36,082
2,878,899
3.9%
FY2022 2,878,899 - 54,594 2,824,305 3.8%
FY2023 2,824,305 - 32,569 2,791,736 3.8%