Dividend per share
The Company’s basic policy is to pay stable and consistent dividends. It will comprehensively consider factors including a consolidated dividend on equity ratio (DOE) floor of 4.0% and a target consolidated dividend payout ratio of approximately 40%. Share repurchases will be conducted as appropriate, taking into account the Company’s financial position and medium- to long-term funding needs.
| Item | Details |
|---|---|
| Payout ratio | Consolidated Approximately 40% (previously approximately 30%) |
| Dividend policy | The Company’s basic policy is to pay stable and consistent dividends. It will comprehensively consider factors including a consolidated dividend on equity ratio (DOE) floor of 4.0% and a target consolidated dividend payout ratio of approximately 40%. Share repurchases will be conducted as appropriate, taking into account the Company’s financial position and medium- to long-term funding needs. |
| Whether Submission to the General Meeting of Shareholders Is Required | Board of directors resolution only |
Items this document does not state (9)
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.The Company determined that shareholder returns should be enhanced further in light of the recent stabilization of its earnings base and its financial position. Another reason was to clarify its management stance of placing greater emphasis on capital efficiency.