Shareholder Return

Policy on Shareholder Returns

DG views shareholder returns as one of its principal management concerns. We make decisions on shareholder returns based on considerations of factors such as financial condition, business performance outlook, and future capital needs. FY 18.3 was the first year of our Mid-Term Business Plan. That year, we set forth a dividend payout ratio of 20% as a target for shareholder distribution while ensuring internal reserves necessary for growth investments and enhancing the financial base, considering our effective cash flows (see note). We also purchased treasury shares totaling five billion yen in FY 19.3, with a total return ratio of 64%. For FY 20.3, we did not set a dividend forecast because we stopped disclosing our performance forecast according to International Financial Reporting Standards (IFRS) as of FY 19.3. We will continue working to further better our performance to meet shareholder expectations and enhance our long-term, continual shareholder returns.

Transition of Dividends

FY14.6
(JGAAP)

FY15.6
(JGAAP)

FY16.6
(JGAAP)

FY17.7
(JGAAP)

FY18.3
(JGAAP)

FY19.3
(IFRS)

FY20.3
(IFRS)

Ordinary dividend

5JPY

5JPY

15JPY

20JPY

24JPY

28JPY

28JPY

Commemorative dividend

-

20JPY

(20th anniversary)

15JPY

(Commemorative dividend on the occasion of the move to the TSE first section)

-

-

-

10JPY

(25th anniversary)

Total cash dividends

2.3
billion JPY

11.7
billion JPY

14.1
billion JPY

9.4
billion JPY

11.3
billion JPY

12.8
billion JPY

17.5
billion JPY

Purchase of treasury shares

-

-

-

-

-

50
billion JPY

-

Ordinary dividend payout ratio

8.2%

4.6%

13.7%

22.0%

20.7%

13.3%

17.4%

Total return ratio

8.2%

23.1%

27.3%

22.0%

20.7%

64.3%

23.5%