Investor Relations

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 31 October 2023)

  FY2017 FY2018 FY2019 FY2020 FY2021 FY2022※2 FY2023(F)
Net income per share(JPY) 38.53 44.28 35.80 72.35 118.39 214.41 170.13
Interim dividend(JPY) 5 5 5 6 11 27 25
Year-end dividend(JPY) 5 10※1 7 16 25 38 27
Payout ratio(%) 26.0 33.9 33.5 30.4 30.4 30.3 30.6
  Net income per share(JPY) Interim Dividend
(JPY)
Year-end dividend
(JPY)
Dividend payout ratio(%)
FY2023(F) 170.13 25 27 30.6
FY2022※1 214.41 27 38 30.3
FY2021 118.39 11 25 30.4
FY2020 72.35 6 16 30.4
FY2019 35.80 5 7 33.5
FY2018 44.28 5 10※2 33.9
FY2017 38.53 5 5 26.0

※1 Includes the commemorative dividend of 5.00 yen per share for our 120th anniversary.

※2 Figures before applying retrospective adjustments due to changes in accounting policy.

※1 Figures before applying retrospective adjustments due to changes in accounting policy.
※2 Includes the commemorative dividend of 5.00 yen per share for our 120th anniversary.

(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.

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