Dividend and Share Repurchase

Shareholder Returns Policy

Medium to Long Term Shareholders Return Policy 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.
    Cancel 78 million shares within this Fiscal Year to generate available capacity for further share buybacks.
[図]

Dividend Information

Based on the dividend policy*, ITOCHU intends to pay a full-year minimum dividend of ¥74.0 per share, comprising an interim dividend of ¥38.0 per share and a year-end dividend of ¥37.0 per share for FY2019.

Fiscal Year 2012 2013 2014 2015 2016 2017 2018 2019
(Minimum)
Interim

¥16.5

¥20.0

¥21.0

¥23.0

¥25.0

¥27.5

¥32.0

¥37.0

Year-end

¥27.5

¥20.0

¥25.0

¥23.0

¥25.0

¥27.5

¥38.0

¥46.0

(Annual
Total)

¥44.0

¥40.0

¥46.0

¥46.0

¥50.0

¥55.0

¥70.0

¥83.0

*Target a dividend payout ratio of approx. 20% on net profit attributable to ITOCHU up to ¥200.0 billion and a dividend payout ratio of approx. 30% on the portion of net profit attributable to ITOCHU exceeding ¥200.0 billion


Share Repurchase History

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

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

Discretionary investment by securities company

78,000,000 shares

¥100.7 billion

  • Rounded off amount.