In the 2024 Medium-term Plan, OLC Group aims to restore dividends to the pre-pandemic level. However, we decided to increase our annual dividend for FY3/24 to ¥13, which is ¥5 and \2 per share higher than the previous fiscal year and our forecast announced in October 2023, respectively, which surpassed the pre-pandemic level.
The annual dividend for FY3/25 is expected to be further increased to ¥14 per share.
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.
| 2020/03 | 2021/03 | 2022/03 | 2023/03 | 2024/03 | 2025/03 （Expected） |
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|---|---|---|---|---|---|---|---|
| Dividend Per Share(yen) | 1Q | - | - | - | - | - | - |
| 2Q | 4.40 | 2.60 | 2.60 | 3.60 | 5.00 | 7.00 | |
| 3Q | - | - | - | - | - | - | |
| FY-End | 4.40 | 2.60 | 3.00 | 4.40 | 8.00 | 7.00 | |
| Total | 8.80 | 5.20 | 5.60 | 8.00 | 13.00 | 14.00 | |
| Amount of Dividends(million yen) | 14,451 | 8,519 | 9,178 | 13,115 | 21,313 | - | |
| Payout Ratio(%) | 23.2 | - | 113.8 | 16.2 | 17.7 | 19.0 | |
| Ratio of Total Amount of Dividends to Net Assets(%) | 1.8 | 1.1 | 1.2 | 1.7 | 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.
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Share Repurchase
OLC repurchased shares by tender offer.
|
Tender Offer Period |
Number of Shares |
Total Value of Shares |
|---|
|
From January 2020 |
1.5 million shares |
About ¥20.7 billion |
