The Company regards profit distribution to shareholders in cash as an important policy and will effectuate a continuous, stable profit distribution at high levels. We use the dividend on equity ratio as our target index, keeping this figure at least 5% of consolidated financial results for the mid-to long-term.
|Year-end Dividend||32.55||32.55||47.55 ※2||37||52 ※3|
|DOE (Dividend on equity)||5.3%||5.4%||6.3%||5.1%||6.0%|
※1 We performed a stock split with effect from October 1, 2021 whereby each common stock of Taiyo Holdings was divided into two shares.
Figures have been calculated assuming the stock split was performed at the beginning of FY2019/3.
※2 Breakdown of FY20/21 Year-end dividend: Ordinary dividend of 32.55 yen per share + Commemorative dividend of 15 yen per share.
※3 Breakdown of FY22/23 Year-end dividend: Ordinary dividend of 37 yen per share + Commemorative dividend of 15 yen per share.
(Unit: millions of yen)
|Total Cash Dividends||3,734||3,722||4,561||3,934||4,986|
|Treasury Stock Acquisition Cost||1,377||0||1,500||1,500||1,500|
※ Includes dividends paid during the period and cost of acquisition of treasury stock.