Policy on Returns to Shareholder
- The Company has adopted a progressive dividend policy and will not reduce dividends even in the event of a temporary downturn in business performance, but will increase or maintain dividends in line with profit growth.
- The dividend amount is calculated based on normalized EPS※, which is business profit that is less susceptible to irregular profit fluctuations, such as impairment losses.
- The Company intends to buy back its own shares at a total return ratio of 50% or more (vs. profit attributable to owners of the parent company), and to flexibly and aggressively implement share buybacks to improve EPS, taking into consideration the business environment, financial environment, capital efficiency, and stock price level.
※Dividends based on normalized EPS
＝BP x (1 – Ajinomoto Group standard tax rate) / Outstanding shares × Return coefficient
| 2020/03 | 2021/03 | 2022/03 | 2023/03 | 2024/03 | 2025/03 （Expected） |
||
|---|---|---|---|---|---|---|---|
| Dividend Per Share(yen) | 1Q | - | - | - | - | - | - |
| 2Q | 8.00 | 8.00 | 12.00 | 15.50 | 18.50 | 20.00 | |
| 3Q | - | - | - | - | - | - | |
| FY-End | 8.00 | 13.00 | 14.00 | 18.50 | 18.50 | 20.00 | |
| Total | 16.00 | 21.00 | 26.00 | 34.00 | 37.00 | 40.00 | |
| Amount of Dividends(million yen) | 17,570 | 23,060 | 28,098 | 36,241 | 38,219 | - | |
| Payout Ratio(%) | 93.1 | 38.8 | 37.3 | 38.6 | 44.2 | 42.5 | |
| Ratio of dividends to equity attributable to owners of the parent company (consolidated)(%) | 3.1 | 4.0 | 4.3 | 5.0 | 4.9 | - | |
・The Company conducted a two-for-one stock split of its common shares, effective March 31, 2025. Historical dividends are adjusted as if the stock split was executed at the beginning of the fiscal period presented.
Please refer to the IR Data Book for information on years prior to those listed above.