Dividend and Share Repurchase

Shareholder Returns Policy

Medium to Long Term Shareholders Return Policy(announced on October 1,2018) is stated below.

  1. Gradually increase dividend payout ratio
    Gradually increase dividend payout ratio, targeting up to approx. 30%.
  2. More actively execute share buybacks
    Continuously execute share buybacks approx.100 million shares in total, while considering cash flow availability.
    Canceled 78 million shares on October 19,2018 to generate available capacity for further share buybacks.
[図]

Dividend Information

ITOCHU intends to pay a full-year minimum dividend of ¥85.0 per share, comprising an interim dividend of ¥42.5 per share and a year-end dividend of ¥42.5 per share for FY2020.

Fiscal Year 2013 2014 2015 2016 2017 2018 2019 2020
(Minimum)
Interim

¥20.0

¥21.0

¥23.0

¥25.0

¥27.5

¥32.0

¥37.0

¥42.5

Year-end

¥20.0

¥25.0

¥23.0

¥25.0

¥27.5

¥38.0

¥46.0

¥42.5

(Annual
Total)

¥40.0

¥46.0

¥46.0

¥50.0

¥55.0

¥70.0

¥83.0

¥85.0

Share Repurchase

Repurchase period Method of acquisition Total number of shares repurchased Total amount *

From June 12, 2019
to June 11, 2020

Purchase on the TSE

(Maximum)
40,000,000 shares

(Maximum)
¥70.0 billion

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.