Dividends and Share Buybacks
Dividend Policy
The Meiji Group is mainly involved in food, health, and pharmaceuticals, we are a familiar brand that strives for lifelong engagement with our customers. This means that ensuring a long-term, stable financial platform is critical to our success.
In our 2023 Medium-Term Business Plan, we promoted business management focused on ROIC. We enhanced and improved our business structure towards increasing capital productivity. We have worked to build a firm financial platform through the disciplined allocation of management resources.
We increased our dividend payout ratio to around 40% by the end of FYE 3/2024 based on our capital policy. We also repurchased our own shares as necessary based on a careful analysis of numerous factors, including our optimal capital structure and capital surplus.
In our 2026 Medium-Term Business Plan covering the period from FYE 3/2025 to FYE 3/2027, we recognize appropriate profit returns to our shareholders as an important management issue. We aim to achieve a total return ratio of at least 50% in each fiscal year, and to continuously increase dividends per share.
Furthermore, in the event of significant fluctuations in profit attributable to owners of parent due to extraordinary factors, dividend amounts may be determined after the elimination of those factors.
Record Date for Dividends
Year-end dividend: March 31
Interim dividend: September 30
| Dividends per share* | |||
|---|---|---|---|
| Interim dividend |
Year-end dividend |
Annual dividend |
|
| FYE 3/2010 (the first term) |
- | ¥20.00 | ¥20.00 |
| FYE 3/2011 (the second term) |
¥10.00 | ¥10.00 | ¥20.00 |
| FYE 3/2012 (the third term) |
¥10.00 | ¥10.00 | ¥20.00 |
| FYE 3/2013 (the fourth term) |
¥10.00 | ¥10.00 | ¥20.00 |
| FYE 3/2014 (the fifth term) |
¥10.00 | ¥10.00 | ¥20.00 |
| FYE 3/2015 (the sixth term) |
¥10.00 | ¥15.00 | ¥25.00 |
| FYE 3/2016 (the seventh term) |
¥13.75 | ¥31.25 | ¥45.00 |
| FYE 3/2017 (the eighth term) |
¥22.50 | ¥32.50 | ¥55.00 |
| FYE 3/2018 (the ninth term) |
¥28.75 | ¥36.25 | ¥65.00 |
| FYE 3/2019 (the tenth term) |
¥32.50 | ¥37.50 | ¥70.00 |
| FYE 3/2020 (the eleventh term) |
¥35.00 | ¥40.00 | ¥75.00 |
| FYE 3/2021 (the tweleveth term) |
¥37.50 | ¥42.50 | ¥80.00 |
| FYE 3/2022 (the thirteenth term) |
¥40.00 | ¥45.00 | ¥85.00 |
| FYE3/2023 (the fourteenth term) |
¥42.50 | ¥47.50 | ¥90.00 |
| FYE 3/2024 (the fifteenth term) |
¥47.50 | ¥47.50 | ¥95.00 |
| FYE 3/2025 (the sixteenth term) |
¥50.00 | ¥50.00 | ¥100.00 |
| FYE 3/2026 (the seventeenth term) |
¥52.50 | ¥52.50 | ¥105.00 |
| FYE 3/2027 (the eighteenth term) |
¥55.00 (Projected) |
¥55.00 (Projected) |
¥110.00 (Projected) |
Repurchase of Share Buybacks
| Period of repurchase | Method of repurchase | Total number of share repurchased |
Total price of share repurchased |
|---|---|---|---|
| February 8, 2017 – July 14, 2017 | Purchased on the Tokyo Stock Exchange | 2,152,400 | ¥19,989,832,000 |
| November 10, 2021 – March 25, 2022 | Purchased on the Tokyo Stock Exchange | 4,313,900 | ¥29,989,737,000 |
| November 9, 2022 – December 23, 2022 | Purchased on the Tokyo Stock Exchange | 1,501,900 | ¥9,996,280,000 |
| May 14, 2024 – September 20, 2024 | Purchased on the Tokyo Stock Exchange | 8,373,300 | ¥29,989,659,000 |
| Date of cancellation | Type of shares to be cancelled | Total number of shares to be cancelled | Ratio of the total number of issued shares prior to cancellation |
|---|---|---|---|
| March 31, 2022 | Common stock | 8,627,800 | 2.8% |
| April 3, 2023 | Common stock | 3,280,000 | 1.1% |
| November 18, 2024 | Common stock | 11,259,000 | 3.8% |