Dividends

Dividend Policy

In addition to paying stable dividends to shareholders on an ongoing basis, Sojitz is also committed to enhancing shareholder value and improving its competitiveness by accumulating and effectively utilizing retained earnings as a basic policy and a top management priority. Under “Medium-term Management Plan 2017”: a three-year plan which began in the year ended March 31, 2016, the basic dividend policy is to maintain a consolidated payout ratio of around 25%.

Notice of Dividend forecast revisions for the FY ending March 31, 2018
On February 2, 2018, Sojitz Corporation (the "Company") revised its Consolidated Earnings forecasts for the Year Ending March 31, 2018 as set forth on November 2, 2017.
Additionally, The Company also revised the Dividend forecast for the FY ending March 31, 2018 as described below.

Year-end dividend per share (forecast) : \5→\6
Total amount of annual dividends per share (forecast) : \10→\11

Dividends (as of February 2, 2018)

Common Stock

	Cash Dividends per Share
	Interim	Year-end	Annual
For the year ending March 31, 2018	¥5	¥6 (forecast）	¥11 (forecast）
For the year ended March 31, 2017	¥4	¥4	¥8
For the year ended March 31, 2016	¥4	¥4	¥8
For the year ended March 31, 2015	¥2.5	¥3.5	¥6
For the year ended March 31, 2014	¥2	¥2	¥4
For the year ended March 31, 2013	¥1.5	¥1.5	¥3
For the year ended March 31, 2012	¥1.5	¥1.5	¥3
For the year ended March 31, 2011	¥1.5	¥1.5	¥3
For the year ended March 31, 2010	¥2.5	¥0	¥2.5
For the year ended March 31, 2009	¥4.5	¥1	¥5.5
For the year ended March 31, 2008	¥3.5	¥4.5	¥8
For the year ended March 31, 2007	─	¥6	¥6

Hospitality Programs for Shareholders

We do not have hospitality programs for shareholdes.
Our fundamental policy is to provide equal distribution to shareholders through the continuous and stable dividends made possible by increases in corporate value.

Purchase of Treasury Stock

We have not conducted any purchases of treasury stock at this point in time.
(Except for purchases requested by holders of shares less than one unit as stipulated in [Article 155(7) of] the Companies Act)

Stock Splits

We did not conduct stock splits during the above period.