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Home > Investor Relations > Stock & Rating Information > Return to Shareholders

Return to Shareholders

Our shareholder return policy, dividends

Basic Policy

  • Retain solid equity capital to secure the financial health and management stability that society demands of the company as the infrastructure of securities market, and provide stable long-term return of profits to shareholders by comprehensively considering revenues environment or investment plan. etc.

  • Based upon this policy, we will strive to place more importance on shareholders return.

Shareholder Return Policy

With regard to shareholder returns, JSF will seek to further enhance them by striving for a total payout ratio of 100% on a cumulative basis in the years from FY2021 through FY2025 (achievement of 5% ROE target) through agile implementation of dividend payments and share repurchases.

Dividend Payment Policy

  • The annual per-share amount for FY2021 is, as announced on November 2, 2021, expected to be JPY30.
  • As for the period from FY2022 through FY2025 (achievement of 5% ROE target), since JSF has set the aforementioned total payout ratio target, it will replace its established dividend policy (consolidated payout ratio of 60%) with a policy of actively aiming to pay an annual dividend per share of no less than JPY30.

Dividend per Share Trends

FY2018 FY2019 FY2020 FY2021 FY2022(Forecast)
Annual 22yen 22yen 26yen 30yen 32yen
Interim 11yen 11yen 11yen 15yen 16yen
Year-End 11yen 11yen 15yen 15yen 16yen
Payout Ratio 55.0% 57.2% 60.1% 53.0% 49.2%
Amount of Shares Repurchased 1.2billion yen 0.5billion yen - 2.3billion yen 3.0billion yen
Total Payout Ratio 87.8% 71.0% 60.1% 97.6% 103.4%

Share Buyback

Please see here concerning share back

Special Benefits for Shareholders

We do not have a system of special benefits for shareholders.