Dividend Policy
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Dividend Policy
- Consolidated dividend annual payout ratio target: around 30%
- Factors to be considered to return the profit to shareholders include:
- capital requirements for investments to raise corporate value,
- our performance forecast,
- consolidated and non-consolidated balance sheets.
- The level of the first-half dividend is determined based on consideration of interim performance figures and forecasts for the full fiscal year performance.
Dividend of FY2025
- For FY2025, the final year of the medium-to long-term management plan, we plan to pay a dividend of 120 yen per share (before stock split), which would result in a payout ratio of approximately 30% for the five-year period from FY2021 to FY2025, excluding one-time expenses and losses associated with the merger of U. S. Steel, as previously announced. (Interim dividend is 60 yen, year-end dividend is 12 yen after stock split)
