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.
Due to the fact that our annual forecast of profit for the year attributable to owners of the parent in FY2023 is revised to 500.0 billion yen, the annual dividend for the fiscal year is revised to 125 yen per share (latest plan was 120 yen per share). The interim dividend is 62.5 yen per share, half the amount of planned annual dividend (the interim dividend in the previous fiscal year was 57.5 yen per share).
Dividend per Share
For the years ended March 31 | Cash dividends per share (Total) | Interim | Year-end |
---|---|---|---|
FY2014 | 50yen | 25yen | 25yen |
FY2015 | 50yen | 25yen | 25yen |
FY2016 | 50yen | 25yen | 25yen |
FY2017 | 62yen | 28yen | 34yen |
FY2018 | 75yen | 37yen | 38yen |
FY2019 | 80yen (ordinary didivend 70yen+ 100 anniversary commemorative dividend 10yen) |
45yen (ordinary dividend 35yen+ 100 anniversary commemorative dividend 10yen) |
35yen (ordinary dividend 35yen) |
FY2020 | 70yen | 35yen | 35yen |
FY2021 | 110yen | 45yen | 65yen |
FY2022 | 115yen | 57.5yen | 57.5yen |
FY2023 (Forecast)*1 | 125yen | 62.5yen | 62.5yen |
*1 For details, please see "Shareholder Return Policy" at the top of this page.
Progress of the Share Repurchases
Period for repurchases | Method of repurchases | Total number of shares to be repurchased | Aggregate repurchases amount*2 |
---|---|---|---|
From Feb. 7, 2023 to Apr. 28, 2023 | Purchase on the TSE | 21,268,200 shares | 50.0 billion yen |
From May 10, 2023 to Jun. 9, 2023 | Purchase on the TSE | 7,478,000 shares | 20.0 billion yen |
*2 Amounts of less than hundred million yen are rounded off.
Cancellation of Treasury Stock
Cancellation period | Number of shares |
---|---|
Jun. 2, 2023 | 21,268,200 shares |
Jul. 24, 2023 | 7,478,000 shares |