Shareholder Returns
Dividend Policy
Daifuku regards the return of profits to shareholders as its most important management task and has adopted a performance-based policy for cash dividends based on consolidated net income.
In the four-year business plan for 2027 that started in April 2024, the Company aims to achieve a consolidated dividend payout ratio of 35% or more for each fiscal year.
With respect to dividends for the fiscal year ending December 31, 2024, as announced on November 8, considering the favorable progress in the Group’s performance, especially in terms of profits, the Company has decided to increase its interim dividend by 3 yen per share from the forecast announced on August 8, to 23 yen per share. The Company also revised its year-end dividend forecast, increasing it by 4 yen per share, to 24 yen per share. The annual dividend, including the interim and year-end dividends, is expected to be 47 yen. Accordingly, the consolidated dividend payout ratio for the fiscal year ending December 31, 2024 is expected to be 35.8%.
In addition, to improve capital efficiency and further enhance shareholder return, the Company has decided to repurchase 10.0 billion yen worth of its own shares. Accordingly, the consolidated total payout ratio for the fiscal year ending December 31, 2024 is expected to be 56.3%.
Dividend trends and payment timing
Fiscal | Record date | Dividend per share (yen) | Payment |
---|---|---|---|
2024 interim | September 30, 2024 | 23 | December 5, 2024 |
2023 year-end | March 31, 2024 | 26 | June 24, 2024 |
2023 interim | September 30, 2023 | 14 | December 5, 2023 |
The Company conducted a three-for-one split of its common stock effective April 1, 2023. Dividends for the fiscal 2022 and earlier periods are calculated retroactively from the stock split. Figures in the parentheses show the dividends actually paid.