Dividend Policy
Capital policy
The fundamental policy of the Press Kogyo Group is to aim for sustainable growth and to increase corporate value over the medium- to long-term through business activities, while maintaining the necessary level of shareholders’ equity and providing sustainable and stable returns to shareholders.
- 01.Maintenance of necessary shareholders’ equity level
- Financial soundness shall be ensured by comprehensively considering investment for growth, the ability to respond to operational risks, maintenance of ratings, etc.
- 02.Dividend policy
- The dividend amount for each period is determined by comprehensively considering performance and capital demands, among other factors. The frequency of dividend payments shall be twice a year, in principle.
- 03.Acquisition of treasury shares, etc.
- Changes in the business environment will be responded to flexibly, and financial measures leading to increased corporate value, such as the acquisition or cancelation of treasury shares, will be implemented.
- ◆Shareholder Returns
- 1.Total Return Ratio:Maintain 60% or higher2.Annual dividend（FY2024-FY2028）：Commit to 32yen or higher per share.3.DOE（FY2024-FY2028）：Aim for 3.0% or higher
- ◆Capital Structure
- 1.Financial soundness Aim to achieve credit rating of A- or higher and leverage interest-bearing debt as necessary,while maintaining financial discipline.2.Shareholder’s equity ratio Maintain 50%~55%3.Cash Secure 1.2 worth of revenue
Capital policy targets and approach
Dividend
(Unit: yen)
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Annual dividends per share (Interim dividends per share) |
20.00 （9.50） |
21.00 （10.50） |
26.00 （13.00） |
32.00 （13.00） |
33.00 （Forecast） （16.00） |
| Total return ratio | 46.9％ | 46.6％ | 45.0％ | 76.9％ | 71.4％ （Forecast） |