Shareholder Return Information

Shareholder Return Policy

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

As indicated in our mid-term management plan“SHIFT 2023”, we decide the annual dividend taking into consideration the status of fundamental earnings capacity, cash flows, and other factors, with a consolidated payout ratio of about 30% as a guideline, maintaining at least 70 yen per share, the same amount as the annual dividend for FY2020. Profit for the year attributable to owners of the parent in FY2021 totaled 463.7 billion yen, the annual dividend for FY2021 is planned to be 110 yen per share. The year-end dividend for FY2021 is planned to be 65 yen per share since the interim dividend was 45 yen per share.

In light of the progress made in improvement of our revenue base and financial soundness through the progress in structural reforms, etc., we have reviewed our dividend policy for FY2022 and beyond from the perspective of our sustainable growth and the long-term interests of our shareholders. In the new dividend policy, we will decide the amount of annual dividends within a DOE (dividend on equity ratio) range of 3.5% to 4.5% by taking into consideration the status of fundamental earnings capacity, cash flows, and other factors, with a consolidated payout ratio of about 30% as a guideline. If 30% of the profit for the year exceeds the above range, we will pay dividends or repurchase our shares for the excess portion in a flexible and agile manner.

The forecast for consolidated financial results for FY2022 is 370.0 billion yen, and in accordance with the new dividend policy, we plan to pay an annual dividend of 90 yen (interim 45 yen, year-end 45 yen) per share for FY2022.