As outlined in our “2035 Long-term Management Strategy,” our Group intends to continue paying stable dividends while prioritizing the allocation of resources toward growth investments, and to steadily increase the dividend payout ratio to 30% level by 2035.
Based on full-year financial results, we have increased the annual dividend for FY3/26 by 1 yen to 15 yen per share. We forecast that the annual dividend for FY3/27 will be 16 yen per share, an increase of 1 yen from the previous fiscal year.
Dividends Policy
The OLC Group considers shareholder returns to be one of the most important management policies. We will continue to aim for a steady payout of cash dividends while also taking the external environment into consideration.
Note: Dividends prior to FY2023 are calculated retroactively from the stock split (April 1, 2023, from 1 share to 5 shares) for convenience.
| 2022/03 | 2023/03 | 2024/03 | 2025/03 | 2026/03 | 2027/03 （Expected） |
||
|---|---|---|---|---|---|---|---|
| Dividend Per Share(yen) | 1Q | - | - | - | - | - | - |
| 2Q | 2.60 | 3.60 | 5.00 | 7.00 | 7.00 | 8.00 | |
| 3Q | - | - | - | - | - | - | |
| FY-End | 3.00 | 4.40 | 8.00 | 7.00 | 8.00 | 8.00 | |
| Total | 5.60 | 8.00 | 13.00 | 14.00 | 15.00 | 16.00 | |
| Amount of Dividends(million yen) | 9,178 | 13,115 | 21,313 | 23,080 | 24,627 | - | |
| Payout Ratio(%) | 113.8 | 16.2 | 17.7 | 18.6 | 20.2 | 23.1 | |
| Ratio of Total Amount of Dividends to Net Assets(%) | 1.2 | 1.7 | 2.4 | 2.4 | 2.4 | - | |
Note: On April 1, 2023, Oriental Land Co., Ltd. conducted a 5-for-1 common stock split. Earnings per share for 2023/03 have been calculated on the presumption that the stock split was conducted at the beginning of the previous fiscal year.
|
3/20 |
3/21 |
3/22 |
3/23 |
3/24 |
3/25 |
3/26 |
|
¥189.23 |
¥△165.51 |
¥24.63 |
¥49.29 |
¥73.39 |
¥75.62 |
¥74.34 |
Share Repurchase
OLC repurchased shares by tender offer.
|
Tender Offer Period |
Number of Shares to be Repurchased |
Total Value of Shares to be Repurchased |
|
From January 2020 to March 2020 |
1.5 million shares |
About ¥20.7 billion |