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.
We aim to maintain stable dividends that are linked to full-year business performance (consolidated dividend payout ratio: 30% of net income attributable to shareholders of the parent company as a benchmark).
Changes in Dividends (announced on July 31, 2024)
| 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 | 24 |
| Payout ratio(%) | 30.4 | 30.4 | 29.4 | 30.0 | 30.1 |
| Net income per share(JPY) | Interim Dividend (JPY) |
Year-end dividend (JPY) |
Dividend payout ratio(%) | |
| FY2024(F) | 162.57 | 25 | 24 | 30.1 |
| FY2023 | 186.61 | 25 | 31 | 30.0 |
| FY2022※1 | 214.41 | 27 | 38 | 29.4 |
| FY2021 | 118.39 | 11 | 25 | 30.4 |
| FY2020 | 72.35 | 6 | 16 | 30.4 |
※1 Figures after applying retrospective adjustments due to changes in accounting policy.
※1 Figures after applying retrospective adjustments due to changes in accounting policy.
(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.
