Dividends Information
Dividend Policy
The Sanwa Group’s policy is to maintain a stable payout ratio and distribute profits in proportion to consolidated results while continuing to improve our corporate fundamentals, strengthen our management infrastructure, and implement management policies designed to increase corporate value. Specifically, we distribute profits with a target payout ratio of 40% of net income attributable to owners of the parent company. Our basic policy is to provide dividends from retained earnings twice a year – an interim dividend and a year-end dividend. The decision-making body for dividends shall be the Board of Directors for the interim dividend and the Board of Directors or General Shareholders’ Meeting for the year-end dividend.
Dividends and Payout Ratio
| Interim (Yen) |
Term End (Yen) |
Full Year (Yen) |
Payout Ratio （％） |
Net Income per Share (Yen) |
Net Assets per Share (Yen) |
|
|---|---|---|---|---|---|---|
| 89th Term (Forecast) |
29.00 | 29.00 | 58.00 | 40.3 | 143.88 | ― |
| 88th Term | 25.00 | 33.00 | 58.00 | 38.7 | 149.71 | 1,088.87 |
| 87th Term | 17.00 | 19.00 | 36.00 | 34.8 | 103.40 | 912.70 |
| 86th Term | 17.00 | 17.00 | 34.00 | 35.3 | 96.21 | 814.10 |
| 85th Term | 17.00 | 17.00 | 34.00 | 34.4 | 97.14 | 742.90 |
| 84th Term | 16.00 | 16.00 | 32.00 | 34.4 | 92.95 | 713.50 |
| 83rd Term | 15.00 | 15.00 | 30.00 | 37.1 | 80.97 | 667.09 |
| 82nd Term | 12.00 | 13.00 | 25.00 | 33.5 | 74.61 | 607.16 |
| 81st Term | 10.00 | 13.00※ | 23.00 | 36.5 | 63.07 | 565.64 |
*The year-end dividend for the 81st Term includes a 60th anniversary commemorative dividend of ¥3 per share