Dividend Information

Dividend Policy

Sumitomo Corporation aims to increase dividends by achieving medium and long-term earnings growth while adhering to the fundamental policy of paying shareholders a stable dividend over the long term.

In the three-year Medium-Term Management Plan 2020 from April 2018, we decide the dividend amount in view of the situations regarding basic profit and cash flow, with a consolidated payout ratio of 30% as our guideline.

Our consolidated net income in fiscal 2019 resulted in ¥171.4 billion due to rapid deterioration of business environment along with the worldwide outbreak of COVID-19. Although the result was lower than the forecast announced on February 7, 2020, the annual dividend for fiscal 2019 is ¥80 per share (ordinary dividend of ¥70 and commemorative dividend of ¥10 per share) following our fundamental policy of paying shareholders a stable dividend over the long term and the fact that the decrease in earnings was mainly caused by one-off losses not impacting our cash flow. The year-end dividend is ¥35 per share since the interim dividend was ¥45 per share (ordinary dividend of ¥35 and commemorative dividend of ¥10 per share).

The annual dividend for fiscal 2020 is projected to be ¥70 per share, the same as the ordinary dividend amount of fiscal 2019 (interim and the year-end dividend of ¥35 per share each), amount for commemorative dividend is eliminated. This is based on our fundamental policy of paying shareholders a stable dividend over the long term, though negative impacts on our financial performance are inevitable with the current business environment.