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Return to Shareholders

Basic Policies concerning Return to Shareholders

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.

Dividend Per Share (DPS) ※1

(Unit: yen)

  FY2018 FY2019 FY2020 FY2021 FY2022
Interm Dividend 32.55 32.55 32.55
32.55 32.55
Year-end Dividend 47.55 ※2 32.55 32.55 47.55 ※3 37.00
Annual Dividend 80.1 65.1 65.1 80.1 69.55
DOE (Dividend on equity) 6.5% 5.3% 5.4% 6.3% 5.1%

※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 FY2018/3.

※2 Breakdown of FY17/18 Year-end dividend: Ordinary dividend of 32.55 yen per share + Commemorative dividend of 15 yen per share.

※3 Breakdown of FY20/21 Year-end dividend: Ordinary dividend of 32.55 yen per share + Commemorative dividend of 15 yen per share.

Total Dividends and Treasury Stock Acquisition Cost

(Unit: millions of yen)

  FY2018 FY2019 FY2020 FY2021 FY2022
Total Cash Dividends 4,613 3,734 3,722 4,561 3,934
Treasury Stock Acquisition Cost 0 1,377 0 1,500 1,500
Total 4,613 5,111 3,722 6,061 5,434

※ Includes dividends paid during the period and cost of acquisition of treasury stock.

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