Dividends
For the fiscal year 2024 and beyond, in order to further enhance the redistribution of profits to shareholders, we will increase the dividend payout ratio from 40% to 50%. In addition, to provide stable dividends, we will adopt dividend on equity ratio (DOE), which is less sensitive to single-year operating results as the shareholder return indicator. The guide line for pay out dividends is based on the amount calculated using the payout ratio (consolidated) of 50% or the DOE of 3%, whichever is higher.
Forecast dividend(Fiscal year 2025)
| Forecast interim dividend | Forecast closing dividend | Forecast interim dividend |
|---|---|---|
| 40 | 0(note) | 40 |
(note) Regarding the dividend forecast for the fiscal year ending March 31, 2025, in light of the commencement of a tender offer for our common shares by our parent company, Toyota Tsusho Corporation, the Company resolved at the Board of Directors meeting held on October 29, 2024 to revise the dividend forecast and not to pay a year-end dividend, subject to the successful completion
of the tender offer.
Past dividends
Dividend payment dates and dividend payment period
| Interim dividend | Year-end dividend |
|
|---|---|---|
| Dividend payment dates | September 30 | March 31 |
| Dividend payment period | December | June |