Stock Information
End of fiscal year | March 31 of each year |
---|---|
Annual meeting of shareholders | Late June |
Closing of the register of shareholders | March 31 of each year |
Ex-rights day | March 31 of each year |
Number of stocks per unit | 100 stocks |
Administrator of Shareholders' Register | Mitsubishi UFJ Trust and Banking Corporation |
Transition of Splits/Stock Dividends
At TOYO KANETSU, we have established a basic strategy for capital policy encompassing optimization of capital allocation in terms of growth-oriented investment measures, redistribution of profits among all shareholders, setting of capital efficiency targets and more, with the aim of enhancing corporate value and ensuring sustained company growth and development.
The basic concept of this policy is to maximize capital efficiency through shareholder returns through dividends and acquisition of treasury stock while utilizing surplus funds and borrowings for growth investment as an optimal allocation of capital.
Furthermore, as part of efforts to more effectively return profits to our shareholders, we have revised the shareholder return policy (outlined below) at our May 13, 2022 board of directors meeting.
We stipulate biannual distribution of dividends of surplus in our articles of incorporation, wherein we pay both interim and year-end dividends. Decisions regarding these distributions are made by the general shareholders meeting or the board of directors for year-end dividends, and by the board of directors for interim dividends.
To enable flexible investment and dividend policies, we established in our articles of incorporation, based on Article 459, (1) of the Companies Act, the power of the board of directors to make decisions regarding dividends of surplus and so forth.
Shareholder Premium Redemption Policy
- Consolidated dividend payout ratio: set at 50% or higher
- Consolidated total shareholder return ratio: flexible acquisition
- Policy implementation period: three fiscal years from FY 2022 ending in March, 2023 to FY 2024 ending in March, 2025, with review and revision at the end of this period
Accounting term | Annual dividend (yen) | Term-end dividend (yen) | Mid-term dividend(yen) |
---|---|---|---|
FY2020 | 100.0 | 100.0 | 0.0 |
FY2021 | 115.0 (Common Dividend : 110.0) (Special Dividend : 5.0) |
115.0 (Common Dividend : 110.0) (Special Dividend : 5.0) |
0.0 |
FY2022 | 145.0 | 145.0 | 0.0 |
FY2023 | 147.0 | 147.0 | 0.0 |
FY2024 | 229.0 | 229.0 | 0.0 |
Component ratio of shareholders
(As of March 31, 2024)
Category | Situation of stocks | ||||||
---|---|---|---|---|---|---|---|
Financial institutions | Financial products traders | Other corporations | Foreign corporations, etc. (individuals) | Treasury stock | Individuals, etc. | Total | |
Number of shareholders (persons) | 16 | 27 | 133 (1) | 117 (7) | 1 | 11,940 | 12,234 |
Number of stocks in possession (1,000 stocks) |
2,219 | 261 | 928 (1) | 1,150 (1) | 530 | 3,236 | 8,323 |