DOWA regards the return of profits to shareholders as one of its top management priorities.
Our capital policy under the Medium-term Plan 2027 is premised on maintaining a sound financial base with the basic approach of covering funding needs with the fund generated from business, while improving profit through business investment and phased enhancing shareholder returns.
Based on this policy, the shareholder return policy for the period of the Medium-term Plan 2027 (FY2025 to FY2027) will be as follows.

Dividends per share (yen) |
Payout ratio (%) |
|
FY2024 (the year ended March 31, 2025: the 122th period) |
150.00 |
32.9 |
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 |