Shareholder Return Policies
Shareholder Return Policies
Shareholder Return Policies
MARUI GROUP began employing the indicator of dividend on equity (DOE) ratio in the fiscal year ending March 31, 2024, to guide its efforts to realize high growth coupled with high returns.
In conjunction with its efforts to optimize its capital structure, MARUI GROUP revised its shareholder return policy in the fiscal year ended March 31, 2024. In line with this revision, the Group changed the indicators emphasized when determining returns to move away from consolidated payout ratio and total return ratio and instead focus on dividend on equity (DOE) ratio. In contrast to its prior systematic approach to share buybacks, going forward, the Company will flexibly choose how to perform share buybacks based on a comprehensive assessment of factors such as its financial position and stock price. A total of ¥20.0 billion has been earmarked for share buybacks in the six-month period ending September 30, 2024.
Shareholder Return Amounts and Forecast
Annual dividend payments for the fiscal year ended March 31, 2024, amounted to ¥101 per share, a year-on-year increase of ¥42 per share, making for a new record high, a DOE ratio of 7.9%, and our 12th consecutive year of higher dividend payments. The Company intends to issue annual dividend payments of ¥106 per share in the fiscal year ending March 31, 2025. Going forward, MARUI GROUP remains committed to pursuing stable, long-term, and high returns while also achieving further growth through a business model that capitalizes on its unique strengths.
Notification Regarding Dividends
The middle of the term for the fiscal year ended March 31, 2024, was resolved to be ¥53 per share at the our board
of directors held on November 12, 2024.
Payments of dividends commence on December 4, 2024.
As of November 12, 2024
