Basic Policy regarding Dividend

The Company places particular emphasis on shareholder return.
Under the 7th Consolidated Medium-Term Management Plan, we aim to maximize enterprise value through a three-pronged approach that places equal emphasis on shareholder returns, financial health and capital efficiency.
The Company intends to maximize shareholder returns during the 7th Consolidated Medium-Term Management Plan by implementing capital policies, with a payout ratio of at least 60% of net profit excluding impact of inventory valuation (cumulative three-year) and stable dividends of at least 300 yen per share.
In principle, provide additional returns if financial health targets are achieved. Timing of additional returns to be decided during the three-year period of the Med-Term Mgmt. Plan.


Dividend History

  Annual dividend per share
Interim Year-end Full Year
FY2024 (Plan) 150yen 150yen 300yen
FY2023 150yen 150yen 300yen
FY2022 75yen 75yen 150yen
FY2021 0yen 100yen 100yen
FY2020 0yen 80yen 80yen
FY2019 0yen 80yen 80yen
FY2018 0yen 80yen 80yen
FY2017 0yen 50yen 50yen
FY2016 0yen 50yen 50yen
FY2015 0yen 40yen 40yen
FY2014 0yen 0yen 0yen
FY2013 0yen 2yen 2yen
FY2012 0yen 0yen 0yen
FY2011 0yen 8yen 8yen
FY2010 0yen 8yen 8yen
FY2009 0yen 8yen 8yen
FY2008 3yen 5yen 8yen
FY2007 3yen 5yen 8yen
FY2006 3yen 5yen 8yen
FY2005 3yen 7yen 10yen
FY2004 3yen 5yen 8yen

* FY2004-FY2014: Before Transforming to Holding Company System

* In FY2005, we paid a dividend for the second half year at ¥7 per share consisting of an ordinary dividend of ¥5 and a bonus dividend of ¥2 to commemorate the 20th anniversary of the merger into the Cosmo Oil Group.

Acquisition of treasury shares

Acquisition period Acquisition method Total number of acquired shares Total amount acquired
May 13, 2022 - November 30, 2022  market purchase 8,000,000shares (upper limit) 20 billion yen (upper limit)
May 10, 2024 - March 31, 2025  market purchase 3,500,000shares (upper limit) 23 billion yen (upper limit)

Stock Split

There have been no stock splits.