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 interim dividend and forecast revisions for the fiscal year ending March 31, 2022

On November 2, 2021, the board of directors of Sojitz Corporation resolved to pay interim dividend for the fiscal year ending March 31, 2022 as described below.

Interim dividend : ¥9 per share (Initial forecast: ¥7 per share)
Record date : September 30, 2021
Payable date : December 1, 2021

On November 2, 2021, Sojitz Corporation revised its dividend forecast for the fiscal year ending March 31, 2022 as described below.

Year-end dividend per share (forecast): ¥35 per share → ¥45 per share

Dividends (as of November 2, 2021)

Common Stock

	Cash Dividends per Share
	Interim	Year-end	Annual
For the year ending March 31, 2022^※	¥9	¥45(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

※ The Company conducted a five-for-one share consolidation of common shares of stock effective October 1, 2021. The year-end dividend forecast for the year ending March 31, 2022 reflects this share consolidation. No figure is displayed for the annual dividend forecast for the year ending 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 ending March 31, 2022, would be ¥45.

(Years ended/ending March 31)

Note: The year-end dividend figures for years ended March 31, 2018 to 2021 and the interim dividend figures for the year ending 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.

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.