Dividends
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 will promote business management focused on ROIC. We will enhance and improve our business structure towards increasing capital productivity. We will build a firm financial platform by practicing the disciplined distribution of management resources.
We also recognize that appropriate profit returns to our shareholders is a critical management issue. We will increase our dividend payout ratio to around 40% by the end of FYE 3/2024. We will also evaluate share repurchasing as necessary based on a careful analysis of numerous factors, including our optimal capital structure and capital surplus.
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 (Projected) |
¥95.00 (Projected) |