Dividend

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 250 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.

graph

Dividend History

  Annual dividend per share
Interim Year-end Full Year
FY2023 (Plan) 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

Type of shares to be repurchased Common stock
Total number of shares to be repurchased 5,313,400 shares
Aggregate value of repurchases 19,999,903,460 yen
Repurchase period May 27, 2022 - July 6, 2022
Repurchase method Purchase by means of market trades on the Tokyo Stock Exchange
(purchases by means of market trades based on a discretionary investment contract with securities firms)

Stock Split

There have been no stock splits.