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.

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.
Share buybacks
- As in the past, we will actively and continuously execute share buybacks as appropriate in consideration of the cash allocation situation.

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.