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 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:

・ Market price-based dividend on equity ratio of 4% until PBR becomes more than 1.0 time
・ Book value-based dividend on equity ratio of 4% after PBR becomes more than 1.0 time

Notice regarding annual dividend for the fiscal year ending March 31, 2024

A minimum of ¥130 per share for the annual dividend payment for the fiscal year ending March 31, 2024 is set from the viewpoint of stability and continuity.

Dividends (as of June 20,2023)

Common Stock

Note: The year-end dividend figures for years ended March 31, 2019 to 2021 and the interim dividend figures for the year ended March 31, 2022 have been restated to reflect the share consolidation.
Figures in parentheses ( ) are provided for reference and do not reflect the share consolidation.

	Cash Dividends per Share
	Interim	Year-end	Annual
For the year ending March 31, 2024	¥65(forecast)	¥65(forecast)	¥130(forecast)
For the year ended March 31, 2023	¥65	¥65	¥130
For the year ended March 31, 2022^※	¥9	¥61	-
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

※ The Company conducted a five-for-one share consolidation of common shares of stock effective October 1, 2021. The year-end dividend for the year ended March 31, 2022 reflects this share consolidation. No figure is displayed for the annual dividend for the year ended March 31, 2022, as an appropriate figure cannot be arrived at through simple addition. If the share consolidation is accounted for, the interim dividend for the year ended March 31, 2022, would be ¥45.

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.