Dividend policy and results
We consider the return of profits to our shareholders to be an important management issue, and in the Management Policy, IINO COMMITMENT, we promise to enhance corporate value and implement rewarding shareholder returns by focusing on sustainable growth. We will pay dividends based on the following policy.
- Corporate growth through the use of internal reserves
We secure and utilize internal reserves necessary to maintain and strengthen the business foundation to respond to changes in the business environment and to make new investments for sustainable growth.
- Clarification of shareholder-oriented stance
We provide appropriate and transparent returns to shareholders by linking dividends to corporate growth.
- Maintain continuous dividends
We maintain continuous dividends based on stable earnings.
After comprehensively taking into consideration that the full-year consolidated earnings for FY2023 and FY2024 are expected to exceed the initially planned numerical targets in the mid-term management plan (April 2023 to March 2026) announced in May 2023 and that investments in the business portfolio strategy are proceeding smoothly as well as other factors, including the financial position in light of the optimal capital structure, we have decided to pay a special dividend of 5.00 yen per share in addition to the year-end dividend for FY2024. Accordingly, we expect to pay a year-end dividend of 29.00 yen per share (ordinary dividend: 24.00 yen, and special dividend: 5.00 yen) for FY2024, for an annual dividend amount of 54.00 yen per share, including the interim dividend. We make continuous efforts to improve the business performance and plan to decide comprehensively on the year-end dividend per share, taking into account our future profit level and financial position as well as the shareholder return policy and other factors. With respect to the year-end dividend including the special dividend, we plan to submit a proposal at the 134th Annual General Meeting of Shareholders scheduled to be held in June 2025.
Changes in Dividends(announced on)
| FY2020 | FY2021 | FY2022※1 | FY2023 | FY2024(F) | |
|---|---|---|---|---|---|
| Net income per share(JPY) | 72.35 | 118.39 | 214.41 | 186.61 | 162.57 |
| Interim dividend(JPY) | 6 | 11 | 27 | 25 | 25 |
| Year-end dividend(JPY) | 16 | 25 | 38 | 31 | 29※2 |
| Payout ratio(%) | 30.4 | 30.4 | 29.4 | 30.0 | 33.2 |
※1 Figures after applying retrospective adjustments due to changes in accounting policy.
※2 Breakdown of year-end dividend of FY2024 (Forecast); Ordinary dividend: 24.00 yen; Special dividend: 5.00 yen
(Note) The Company's Articles of Incorporation stipulate that the Company may pay interim dividends by resolution of the Board of Directors and that the record date for paying interim dividends shall be September 30 of each year.