Dividend / Returns to shareholders

Dividend Policy

Amano places great importance on our policy of paying dividends to shareholders. Our fundamental policy to return profits to shareholders is to make appropriate performance-based distributions and to buy back shares, as it deems necessary. We aim to maintain a dividend payout ratio of at least 40% on a consolidated basis, a net asset dividend rate of at least 2.5%, and a total return ratio of at least 55%.
Our basic policy is to pay dividends twice a year, an interim dividend and a year-end dividend, and Interim dividends are decided by the Board of Directors, and year-end dividends are decided by the General Meeting of Shareholders.
Retained earnings will be earmarked to fund effective investment aimed at the fundamental enhancement of the capacity to conduct our business operations. This will include the expansion and strengthening of existing business fields, strategic investment in growth fields, and spending on research and development, as well as the rationalization of production plants and equipment for the purpose of reducing costs and further improving product quality, etc.

As of September 30, 2023

Dividend per Share (yen) Total annual
dividends
(Millions of yen)
Consolidated
Dividend
Payout Ratio
Consolidated
Net Asset
Payout Ratio
Interim
dividend
Year-end dividend Annual
total
Normal
dividends
Special
dividends
FY2023 40 80
(Plan)
- 120
(Plan)
- 69.6%
(Plan)
7.2%
(Plan)
FY2022 30 80 - 110 7,329 71.4% 6.8%
FY2021 25 50 20 95 7,057 72.5% 6.2%
FY2020 20 45 - 65 4,877 67.3% 4.4%
FY2019 28 36
20 84 6,303 59.7% 5.8%
FY2018 25 35 20 80 6,028 65.9% 5.7%
FY2017 23 34 - 57 4,334 43.3% 4.2%
FY2016 23 29 - 52 3,966 43.0% 4.1%
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