Investor Relations / Stock and Bond InformationShareholder Return

Basic Policy Regarding Profit Distribution and Dividends

Daicel’s basic dividend policy is to distribute profits in a balanced manner that comprehensively considers maximizing asset efficiency, realizing optimal capital structure, securing soundness to maintain fund raising capacity, and stable dividends reflecting the consolidated business results.

Internal reserves will be applied to investment in business expansion and reinforcement of highly-profitable business structures, such as R&D for new business development and strengthening of existing businesses, new construction and expansion of facilities, and efficiency improvement measures. Through future business development, we will ensure growing benefits to our shareholders.

Regarding shareholder return from fiscal year ending March 2025, we set the DOE (dividend on equity ratio) to ensure stable dividends and the shareholder return ratio, which is a combination of dividends and flexible share buybacks, as indicators. We have adopted the following policy.

【The pollicy】

  • Regarding dividends, we aim for a DOE (dividend on equity ratio) of 4% or more.
  • The target is a total return ratio of 40% or more each fiscal year.
  • Implement share buybacks in a flexible manner.

Dividend History (Per Share)

Interim (Yen) Year-end (Yen) Total (Yen) Dividend Payout Ratio (%) Total Return Ratio (%)
Fiscal Year Ended March 31, 2016 13 13 26 22.6 32.5
Fiscal Year Ended March 31, 2017 13 17 30 24.1 33.3
Fiscal Year Ended March 31, 2018 16 16 32 29.7 56.6
Fiscal Year Ended March 31, 2019 16 16 32 30.4 67.2
Fiscal Year Ended March 31, 2020 16 18* 34 219.5 577.3
Fiscal Year Ended March 31, 2021 16 16 32 49.1 91.1
Fiscal Year Ended March 31, 2022 16 18 34 32.6 48.6
Fiscal Year Ended March 31, 2023 18 20 38 27.4 51.7
Fiscal Year Ended March 31, 2024 25 25 50 25.3 52.0
Fiscal Year Ending March 31, 2025
(Forecast)		 30 30 60 - -

*The year-end dividend for Fiscal Year Ended March 31, 2020 includes the 100th anniversary commemorative dividend of 2 yen.

Acquisition of Treasury Shares

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Acquisition period Method of acquisition Total Number of Shares acquired Total Acquisition amount
From Nov. 8, 2024 to Feb. 20, 2025
  1. (a)Purchase on the Tokyo Stock Exchange
  2. (b)ToSTNeT-3
 10,987,100 shares ¥14,999,853,450
From Nov. 6, 2023 to Mar. 22, 2024
  1. (a)Purchase on the Tokyo Stock Exchange
  2. (b)ToSTNeT-3
 10,137,900 shares ¥14,999,752,100
From Nov. 7, 2022 to Feb. 28, 2023
  1. (a)Purchase on the Tokyo Stock Exchange
  2. (b)ToSTNeT-3
 10,516,400 shares ¥9,999,988,700
From Nov. 8, 2021 to Feb. 28, 2022 Purchase on the Tokyo Stock Exchange 6,000,000 shares ¥4,982,622,700
From Nov. 5, 2019 to Jul. 1, 2020 Purchase on the Tokyo Stock Exchange 21,456,000 shares ¥19,999,981,000
From Feb. 22, 2019 to Aug. 9, 2019 Purchase on the Tokyo Stock Exchange 8,500,000 shares ¥9,096,774,300
From May 11, 2018 to Dec. 12, 2018 Purchase on the Tokyo Stock Exchange 7,958,800 shares ¥9,999,982,700
From Aug. 4, 2017 to Jan. 30, 2018 Purchase on the Tokyo Stock Exchange 7,500,000 shares ¥9,977,218,800
From May 12, 2016 to Jun. 6, 2016 Purchase on the Tokyo Stock Exchange 2,966,500 shares ¥3,999,985,700
From Nov. 9, 2015 to Nov. 16, 2015
  1. (a)Purchase on the Tokyo Stock Exchange
  2. (b)ToSTNeT-3
 2,146,200 shares ¥3,999,874,400
From Aug. 26, 2011 to Sep. 15, 2011 Purchase on the Tokyo Stock Exchange 4,000,000 shares ¥1,807,841,000

Cancellation of Treasury Shares

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Date of Cancellation Number of Shares to be Cancelled Ratio of Total Number of Issued Shares before the Cancellation (Reference)
Total Number of Issued Shares after the Cancellation
May 20, 2024 10,000,000 shares 3.49% 276,942,682 shares
May 22, 2023 16,000,000 shares 5.28% 286,942,682 shares
Sep. 14, 2020 13,000,000 shares 4.11% 302,942,682 shares
Mar. 16, 2020 16,000,000 shares 4.82% 315,942,682 shares
Mar. 4, 2019 18,000,000 shares 5.14% 331,942,682 shares
May 25, 2016 15,000,000 shares 4.11% 349,942,682 shares