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.
The Company regards the shareholder returns as one of its key management priorities. Based on the new Medium-Term Management Plan, the Company has established a basic policy to deliver stable, predictable, and flexible shareholder returns by using profits generated through growth investments as a source, while taking into account future investment capacity and financial soundness. Specifically, while maintaining a payout ratio of 40% of full-year earnings, the Company will introduce a dividend floor of 30.00 yen per share to enhance dividend stability and predictability, given the significant market volatility in the shipping industry. In addition, the Company will flexibly repurchase its own shares while maintaining financial discipline to further enhance shareholder returns.
Changes in Dividends(announced on )
| FY2021 | FY2022※1 | FY2023 | FY2024 | FY2025 | FY2026(F) |
|---|---|---|---|---|---|
| Net income per share(JPY) | 220.96 | 186.61 | 173.60 | 145.47 | 114.36 |
| Interim dividend(JPY) | 27 | 25 | 25 | 24 | 23 |
| Year-end dividend(JPY) | 38 | 31 | 33※2 | 35 | 23 |
| Payout ratio(%) | 29.4 | 30.0 | 33.4 | 40.6 | 40.2 |
※1 Figures after applying retrospective adjustments due to changes in accounting policy.
※2 Breakdown of year-end dividend of FY2024 (Forecast); Ordinary dividend: 28.00 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.