Transition of Dividend Policy and Dividends

Dividend policy

The Suzuken Group promotes management with a strong focus on return on equity (ROE) and strives to enhance capital efficiency while preventing the excessive accumulation of shareholders’ equity. Under this policy, the Company will pay dividends and flexibly conduct share repurchases, using a total payout ratio of 100% as a guideline.

With respect to its dividend policy, the Company will adopt dividend on equity (DOE) as a performance indicator in order to enhance the stability and predictability of dividends. During the period of the Medium-Term Management Plan, the Company intends to increase DOE on a phased basis, setting a target level of approximately 3% in the final fiscal year ending March 31, 2029.

Dividend projections

Dividend projections for fiscal year ending March 2027

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Interim dividend Year-end dividend Full-year dividend
Dividend per share Ordinary dividend ¥60 (Estimate) Ordinary dividend ¥30 (Estimate)
Converted on a pre-share-split basis Ordinary dividend ¥60 (Estimate) Ordinary dividend ¥60 (Estimate) Ordinary dividend ¥120 (Estimate)
  • The Company plans to conduct a stock split, effective October 1, 2026, at a ratio of two shares for each share of common stock. The forecast year-end dividend per share for the fiscal year ending March 31, 2027 reflects the impact of this stock split, and therefore the total annual dividend per share is shown as “–”. If the stock split is not taken into account, the forecast year-end dividend per share for the fiscal year ending March 31, 2027 would be ¥60, and the total annual dividend would be ¥120.