Dividend Policies
Marubeni recognizes that its important corporate responsibilities lie in paying stable dividends to shareholders in a consistent manner, and maximizing corporate value and competitiveness by building up and effectively utilizing internal reserves.
Marubeni has been applying a basic policy to determine dividends aiming for a consolidated payout ratio of around 15%, based on the principle of linking dividends to the Company's business results for each term, in consideration of maintaining a stable profit distribution to our shareholders. In light of the financial results for the six-month period ended September 30, 2011 and the prospect for the fiscal year ending March 31, 2012, we have concluded the consolidated payout ratio shall be 20% or more from the fiscal year ending March 31, 2012 to further enhance shareholder return, as we are confident of the progress toward strengthening profit base.
In accordance with the above-mentioned changed basic policy (consolidated payout ratio 20% or more), we have revised the dividend forecast per share from 15 yen to 20 yen (interim dividend: 10.00 yen (already resolved)), because net income for the period is forecast to be 170.0 billion yen.
The forecast and prospects on this document are based upon available information and assumptions as of the announcement date, about uncertain factors which would influence upon future businesses. Actual results might be influenced by various factors in the future.
Cash dividends (as of December, 2011)
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Cash Dividend per Share |
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Common Stock |
Class I Preferred Stock |
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Yearly (Interim amount inclusive) |
Interim dividend |
Yearly (Interim amount inclusive) |
Interim dividend |
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FY2011 |
JPY 20.00(plan) |
JPY 10.00 |
- |
- |
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FY2010 |
JPY 12.00 |
JPY 5.50 |
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FY2009 |
JPY 8.50 |
JPY 3.50 |
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FY2008 |
JPY 10.00 |
JPY 7.00 |
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FY2007 |
JPY 13.00 |
JPY 6.00 |
- |
- |
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|
FY2006 |
JPY 10.00 |
JPY 3.50 |
JPY 10.00 (*) |
JPY 10.00 |
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|
FY2005 |
JPY 7.00 |
JPY 2.00 |
JPY 20.00 |
JPY 10.00 |
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FY2004 |
JPY 4.00 |
- |
JPY 20.00 |
- |
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FY2003 |
JPY 3.00 |
- |
JPY 5.85 |
- |
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FY2002 |
JPY 3.00 |
- |
- |
- |
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FY2001 |
- |
- |
- |
- |
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(*) All of the first series of Class I Preferred Stock has been converted to common stock as of March 19, 2007. Thus there is no year-end payout of dividends for Class I Preferred Stock for FY2006 onwards.
