Dividend and Share Buybacks

Shareholder Returns Policy

Shareholder returns policy under the FYE 2022-2024 Medium-Term Management Plan "Brand-new Deal 2023" is stated below.

  1. Dividend
    - Continuation of the progressive dividend policy during BND 2023.
    - Reintroduction of incremental increases to the minimum dividend.
    (¥120 per share in FYE 2023 → ¥130 per share in FYE 2024)
    - Commitment to a payout ratio of 30% by FYE 2024.
  2. Share buybacks
    - As in the past, we will actively and continuously execute share buybacks as appropriate in consideration of the cash allocation situation.
[図]

Dividend Information

ITOCHU intends to pay a full-year minimum dividend of ¥110.0 per share, comprising an interim dividend of ¥47.0 per share and a year-end dividend of ¥63.0 per share for FYE 2022.

Fiscal Year 2016 2017 2018 2019 2020 2021 2022
(Planned)
Interim

¥25.0

¥27.5

¥32.0

¥37.0

¥42.5

¥44.0

¥47.0

Year-end

¥25.0

¥27.5

¥38.0

¥46.0

¥42.5

¥44.0

¥63.0

(Annual
Total)

¥50.0

¥55.0

¥70.0

¥83.0

¥85.0

¥88.0

¥110.0
(minimum)

Share Buybacks

Buyback period Method of acquisition Total number of shares repurchased Total amount *1

From June 12, 2020
to June 11, 2021

-

5,213,100 shares

¥13.5 billion

From June 12, 2019
to June 11, 2020

Purchase on the TSE

-*2

-*2

From February 6, 2019
to June 3, 2019

Purchase on the TSE

50,256,100 shares

¥100.0 billion

From December 5, 2018
to January 4, 2019

(a) ToSTNeT-3
(b) Purchase on the TSE

15,097,200 shares

¥30.0 billion

May 8, 2017

ToSTNeT-3

17,120,000 shares

¥27.9 billion

Novermber 4, 2016

ToSTNeT-3

12,000,000 shares

¥16.2 billion

From July 25, 2014
to December 12, 2014

Purchase on the TSE

78,000,000 shares

¥100.7 billion

* Rounded off amount.

* There was no share buybacks during the period.