Return to Shareholders
Dividend policy
The RYODEN Group’s basic policy is to expand its internal reserves in order to strengthen its management foundations and financial structure, and utilize investment capital for business expansion, while returning appropriate profits to shareholders.
With regard to dividends from surplus, the group will return profits by targeting a dividend payout ratio of 40–60% while taking into consideration factors such as consolidated earnings performance in each fiscal year and the medium- to long-term group strategy.
In addition, the group plans to repurchase treasury shares while taking into consideration share price trends and our financial condition.
Status of dividends
| 2017 FYE |
2018 FYE |
2019 FYE |
2020 FYE |
2021 FYE |
2022 FYE |
2023 FYE |
2024 FYE |
|
|---|---|---|---|---|---|---|---|---|
| Interim dividend (yen) | 22 | 22 | 28 | 28 | 28 | 28 | 33 | 46 |
| Year-end dividend (yen) | 22 | 24 | 28 | 28 | 28 | 30 | 41 | 46 (Forecast) |
| Total (yen) | 44 | 46 | 56 | 56 | 56 | 58 | 74 | 92 (Forecast) |
The changes in the dividend and in the dividend payout ratio are shown below.
Dividend record date and start of dividend payment period
| Interim dividend | Year-end dividend | |
|---|---|---|
| Shareholder dividend record date | September 30 | March 31 |
| Payment start date | Early December | Early June |
Special benefit plan for shareholders
The objective is to thank shareholders for their long-standing support and encourage more shareholders to hold RYODEN shares in the medium to long term by making investing in our shares more attractive.
Eligible shareholders
Shareholder benefits are offered to those who are included or recorded in the shareholder list as of March 31 of each year and hold one unit (100 shares) or more of RYODEN shares.
Details of shareholder benefits
Cash vouchers (QUO cards) will be presented to all eligible shareholders according to the number of shares they hold and the length of their continuous ownership as follows:
| Number of shares held | Length of continuous ownership | |
|---|---|---|
| Less than 3 years | 3 years or more | |
| 100 shares or more to less than 1,000 shares | QUO card worth 2,000 yen | QUO card worth 3,000 yen |
| 1,000 shares or more | QUO card worth 3,000 yen | QUO card worth 5,000 yen |
- "The length of continuous ownership is 3 years or more" refers to cases in which a shareholder is included or recorded in the shareholder list as of March 31 of each year and he or she has done so with the same shareholder number consecutively for four times or more.
The calculation of the length of continuous ownership starts from the first base date: March 31, 2020.
Time of presentation
The QUO cards will be presented in June of each year.
When the shareholder benefit plan begins
The shareholder benefit plan will begin for shareholders who were included or recorded in the shareholder list as of March 31, 2020, and who have held one unit (100 shares) or more of RYODEN shares.