Dividend
Dividend Policy
Considering a shareholder return policy as one of the most important managerial issues. Regarding dividend policy, the Company intends to pay dividends in line with business performance while securing internal reserves for investment in future growth. The Company has established its minimum target dividend payout ratio of 50% on the Company’s consolidated profits from FY2023 to FY2025 in accordance with its performance, while the basic target is a consolidated dividend payout ratio of 30% or more.
Dividend per share / Payout ratio
| Interim Dividend (June 30) |
Year-end Dividend (December 31) |
Total Dividend | Payout ratio (Consolidated) |
|
|---|---|---|---|---|
| FY2024 | ¥25.0 (forecast) |
¥29.0 (forecast) |
¥54.0 (forecast) |
50.4% (forecast) |
| FY2023 | ¥25.0 | ¥28.0 | ¥53.0 | 50.4% |
| FY2022 | ¥27.0 | ¥29.0 | ¥56.0 | 31.2% |
| FY2021 | ¥17.0 | ¥26.0 | ¥43.0 | 42.6% |
| FY2020 | ¥16.0 | ¥25.0 | ¥41.0 | 31.0% |
| FY2019 | ¥14.0 | ¥19.0 | ¥33.0 | 31.9% |
| FY2018 | ¥7.0 | ¥18.0 | ¥25.0 | 30.9% |
| FY2017 | ¥3.0 | ¥7.0 | ¥10.0 | 31.8% |
| FY2016 | ¥2.0 |
¥2.0 | ¥4.0 | 38.5% |
| FY2015 | ¥4.0 | ¥6.0 | ¥10.0 | 32.2% |
| FY2014 | ¥5.0 | ¥6.0 | ¥11.0 | 38.1% |
| FY2013 | ¥3.0 | ¥6.5 | ¥9.5 | 32.7% |
| FY2012 | ¥2.25 | ¥3.25 | ¥5.5 | 32.3% |
| FY2011 | – | ¥3.75 | ¥3.75 | 32.6% |
| FY2010 | – | ¥1.465 | ¥1.465 | 10.0% |
Note: ValueCommerce split one share of its common stock into 100 shares effective on July 1, 2013 and split one share of its common stock into 2 shares effective on October 1, 2013.
Dividend per share above is indicated after consideration of the influence of stock splits.
