DOWA regards the payment of dividends to shareholders as one of its top management priorities. The Company sets out a policy of increasing dividends as performance allows, while ensuring sufficient internal reserves for bolstering the corporate structure and expanding business in the future in line with the basic principle of maintaining stable dividends.
Our basic dividend policy for the period of the Midterm Plan 2024 (FY2022 through FY2024) is not to decrease the amount of ordinary dividends from the previous year's amount and to increase the amount of ordinary dividends in stages because ordinary income will increase in stages from 55.0 billion yen to 70.0 billion yen under the plan.
Moreover, we will aim to increase the amount of dividends further in consideration of financial results and cash flows in each fiscal year, future prospects, and other factors.
|
Dividends per share (yen) |
Payout ratio (%) |
|
|
FY2023 (the year ended March 31, 2024: the 121th period) |
130.00 |
27.8 |
|
FY2022 (the year ended March 31, 2023: the 120th period) |
130.00 （Ordinary dividends 105.00） （Special dividends 25.00） |
30.9 |
|
FY2021 (the year ended March 31, 2022: the 119th period) |
130.00 （Ordinary dividends 100.00） （Special dividends 30.00） |
15.2 |
|
FY2020 (the year ended March 31, 2021: the 118th period) |
95.00 |
25.8 |
|
FY2019 (the year ended March 31, 2020: the 117th period) |
90.00 |
30.6 |
