Returns to Shareholders
Shareholder Return Policy
Kaneka’s management places a high priority on strengthening its financial base while increasing its earning capability and returning profits to shareholders. In returning profits, Kaneka’s basic policy is to give overall consideration to its business performance each fiscal year, medium- to long-term earning trends, investment plans, financial position, and other factors, and to continue stable profit returns with a target consolidated dividend payout ratio of 30% as well as acquisition of treasury shares.
The basic policy is to pay dividends from surplus twice a year, as an interim dividend and a year-end dividend. In accordance with the provisions of the Companies Act Article 459 paragraph 1, the Articles of Incorporation state that dividends from surplus may be conducted by resolution of the Board of Directors.
Kaneka’s internal reserves are used to ensure financial stability while responding to the dramatically changing economic situation and taking action to realize sustainable growth.
Shareholder Return Performance
Regarding shareholder returns for the fiscal year ended March 2021, Kaneka paid an annual dividend of ¥100 per share, including an interim dividend of ¥50 per share and a year-end dividend of ¥50 per share, based on the basic policy of stable continuation.
Going forward, Kaneka will continue striving to enhance shareholder value, while aiming to further strengthen shareholder returns by considering increases in dividends as well as the acquisition and cancellation of treasury stock as appropriate to implement a flexible capital policy in response to changes in the operating environment.
Trends in per-share dividend
Acquisition of Treasury Shares / Cancellation of Treasury Shares
|Number of stocks acquired*2||Acquisition amount|
|The 97th Term(ended March 2021)||- share||- Yen|
|The 96th Term(ended March 2020)||- share||- Yen|
|The 95th Term(ended March 2019)
(Feb. 12, 2019-Mar. 19, 2019)
|The 94th Term(ended March 2018)
(Apr. 3, 2017-Aug. 31, 2017)
|The 93th Term(ended March 2017)
(Mar. 9, 2017-Mar. 21, 2017)
|The 92th Term(ended March 2016)
(Apr. 1, 2015-Aug. 31, 2015)
|The 91th Term(ended March 2015)
(Feb. 10, 2015-Mar. 24, 2015)
|The 90th Term(ended March 2014)||- share||- Yen|
*1 The Company conducted a consolidation of shares of common stock at the ratio of five shares to one share on October 1, 2018.
*2 Figures in parentheses indicated the ratio of the number of acquired shares to the total number of issued shares at each time.
|Date of cancellation||Number of canceled shares||Ratio to the number of issued shares before cancellation|
|Mar. 29, 2019||2,000,000 share||2.9%|
* It is listed only after the fiscal year ended March 2014.