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

Based on the dividend policy*, ITOCHU intends to pay a full-year minimum dividend of ¥83.0 per share, comprising an interim dividend of ¥37.0 per share and a year-end dividend of ¥46.0 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

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

From February 6, 2019
to June 30, 2019**

Purchase on the TSE

(Maximum)
55,000,000 shares

(Maximum)
¥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.
** 19,024,200 shares(¥38.0 billion) have already been repurchased from February 6, 2019 to March 31, 2019.