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 the Medium-term Management Plan 2023, the three-year plan that began in April 2021, the basic dividend policy is to maintain a consolidated payout ratio of around 30%. Moreover, lower limit for dividend is set as below:

Dividends (as of June 18, 2021)

Common Stock

	Cash Dividends per Share
	Interim	Year-end	Annual
For the year ending March 31, 2022	¥7（forecast）	¥7（forecast）※	¥14（forecast）
For the year ended March 31, 2021	¥5	¥5	¥10
For the year ended March 31, 2020	¥8.5	¥8.5	¥17
For the year ended March 31, 2019	¥7.5	¥9.5	¥17
For the year ended March 31, 2018	¥5	¥6	¥11
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.