The OLC Group is aiming to restore dividends to the pre-pandemic level by the end of the period covered by the 2024 Medium-term Plan. With regard to our annual dividend for FY3/24, our plan is to pay out ¥9 per share following a stock split.

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.

2019/03 2020/03 2021/03 2022/03 2023/03 2024/03
(Expected)
Dividend Per Share(yen) 1Q ------
2Q 4.004.402.602.603.605.00
3Q ------
FY-End 4.404.402.603.004.406.00
Total 8.408.805.205.608.0011.00
Amount of Dividends(million yen) 13,82514,4518,5199,17813,115-
Payout Ratio(%) 15.323.2-113.816.217.0
Ratio of Total Amount of Dividends to Net Assets(%) 1.81.81.11.21.7-

Earnings per share

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.

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