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.

The company’s policy on shareholder returns for FY2022 and beyond is as follows: 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 fundamental earnings capacity, cash flows, and other factors with a consolidated payout ratio of 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.

Profit for the year attributable to owners of the parent in FY2022 totaled 565.2 billion yen, the annual dividend for FY2022 was 115 yen per share. The year-end dividend for FY2022 was 57.5 yen per share since the interim dividend was 57.5 yen per share.

Also, we decided at the time of FY2022-Q3 earnings announcements to repurchase our shares (from February 7 to April 28, 2023) up to a maximum of 50 billion yen as an additional return for the excess portion of the upper limit of the DOE range, which was completed on April 28. Separately from this, we have decided at the time of FY2022-full year earnings announcements to execute further share repurchases (from May 10 to June 9, 2023) up to a maximum of 20 billion yen.

Considering that the forecast for consolidated financial results for FY2023 is 480.0 billion yen, we plan to increase the annual dividend for FY2023 by 5 yen per share to 120 yen per share (minimum for FY2023).