Profit Distribution

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Fundamental Profit Distribution Policy

Increasing corporate value and actively returning profits to shareholders are fundamental management objectives at Sekisui Chemical. As far as the Company’s profit distribution policy to shareholders is concerned, Sekisui Chemical seeks to secure a DOE of around 3% while targeting a dividend payout ratio of 30% on a consolidated basis, and implements stable dividend measures in line with its performance.

The Company pays dividends twice annually, with the dates of record set as the last day of the first half (September 30) and the last day of the fiscal year (March 31). Surplus funds are flexibly used for share buyback, to improve capital efficiency, and to increase earnings per share with the objective of enhancing shareholder return. Internal cash reserves are utilized for R&D, capital investment, strategic investment, loans and investments, and other activities essential to enhancing future corporate value.

Dividends per Share (yen)

Annual Dividends per Share (yen)

（FY）
FY 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018(outlook）
Interim (yen) 5 5 7 9 11 13 14 16 19※ 21
Fiscal year end (yen) 5 8 8 9 12 14 16 19※ 21 21
Annual (yen) 10 13 15 18 23 27 30 35 40 42
Dividend payout ratio 45.2% 28.9% 27.8% 30.8% 28.7% 25.8% 26.1% 27.7% 29.9% ー

*Including 70th anniversary commemorative dividend of 1 yen per share.

Acquisition of Treasury Stock

Purchase Period Purchase Method Total Number of Shares Total Cost
(Apr 27, 2018 – Mar 29, 2019)
Jun 13, 2018		 Purchase on the Tokyo Stock Exchange (Limited to 8 million shares)
7,000,000 shares		 (Limited to 16 billion yen)
12,866,000,000 yen
Jun 1, 2017 – Feb 7, 2018 Purchase on the Tokyo Stock Exchange 7,941,300 shares 15,999,904,900 yen
Apr 28, 2016 – Mar 31, 2017 Purchase on the Tokyo Stock Exchange 10,868,000 shares 16,351,702,700 yen
Jul 1, 2015 – Aug 28, 2015 Purchase on the Tokyo Stock Exchange 12,000,000 shares 16,764,518,970 yen
Nov 4, 2014 – Dec 15, 2014 Purchase on the Tokyo Stock Exchange 10,633,000 shares 14,998,747,000 yen
Nov 1, 2013 – Nov 28, 2013 Purchase on the Tokyo Stock Exchange 8,714,000 shares 9,999,590,000 yen
Feb 3, 2012 Purchase on the Tokyo Stock Exchange 7,000,000 shares 4,536,000,000 yen
Feb 2, 2011 Purchase on the Tokyo Stock Exchange 3,308,000 shares 2,156,816,000 yen

*Information relating to purchase after FY2009

Retirement of Treasury Stock

Date of Retirement Number of Stocks to be Retired Ratio of Total Number of Issued Shares before the Retirement (Reference)
Total Number of Issued Shares after the Retirement
May 25, 2018 8,000,000 shares 1.60% 492,507,285 shares
May 25, 2017 10,000,000 shares 1.96% 500,507,285 shares
Dec 10, 2015 10,000,000 shares 1.92％ 510,507,285 shares
Dec 25, 2014 12,000,000 shares 2.25％ 520,507,285 shares
May 25, 2012 7,000,000 shares 1.30％ 532,507,285 shares

*Information relating to retirement after FY2009

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