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, 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 | 30 | 30 | 60 | 33.1 | 63.1 |
| Fiscal Year Ending March 31, 2026 (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 |
|
10,987,100 shares | ¥14,999,853,450 |
| From Nov. 6, 2023 to Mar. 22, 2024 |
|
10,137,900 shares | ¥14,999,752,100 |
| From Nov. 7, 2022 to Feb. 28, 2023 |
|
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 |
|
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 |