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Shareholder Returns
Shareholder Return Policy
Providing returns to our shareholders is one of our most important management goals. Our basic dividend policy is to provide stable divedends to shareholders while maintaining sufficient retained earnings for sound operations in light of the public nature of the banking business.
■Shareholder return policy
・Considering the balance between shareholder returns, financial soundness, and investment for growth, our basic policy is to maintain a dividend payout ratio of approximately 50% during the period of the Medium-term Management Plan (FY2022/3-FY2026/3).
・However, based on the stability and continuity of dividends, the Bank seeks to increase the dividend per share (DPS) from the level of the initial dividend forecast for FY2025/3, by aiming for a payout ratio in the range of 50% to 60%.
■Other policies pertaining to shareholder returns, etc.
・Consideration of share repurchases will be based on market conditions, performance and retained earnings, opportunities for investment in growth, and the Japan Post Group's policy for holding the Bank's shares.
・The Bank has implemented a shareholder special benefit program to show gratitude to shareholders for their ongoing support, and to increase the attractiveness of investment in the Bank's shares and thereby encourage more people to hold shares in the Bank.
(Notice Regarding the Introduction of a Shareholder Benefit Program)
・Based on the status of the Bank's investment portfolio, the current policy is to pay dividends once a year, at the end of the fiscal year.
Dividend Information
| Dividends per share | Consolidated payout ratio (*:Non-Consolidated) |
|||
|---|---|---|---|---|
| Total | Interim | Annual | ||
| Fiscal Year Ended March 31,2025 | ¥ 56 (Forecast) |
¥ 0 |
¥ 56 (Forecast) |
50.6% (Forecast) |
| Fiscal Year Ended March 31,2024 | ¥ 51 | ¥ 0 | ¥ 51 | 51.8% |
| Fiscal Year Ended March 31,2023 | ¥ 50 | ¥ 0 | ¥ 50 | 57.5% |
| Fiscal Year Ended March 31, 2022 | ¥ 50 | ¥ 0 | ¥ 50 | 52.7% |
| Fiscal Year Ended March 31, 2021 | ¥ 50 | ¥ 0 | ¥ 50 | 66.9% |
| Fiscal Year Ended March 31, 2020 | ¥ 50 | ¥ 25 | ¥ 25 | 68.5% |
| Fiscal Year Ended March 31, 2019 | ¥ 50 | ¥ 25 | ¥ 25 | 70.4% |
| Fiscal Year Ended March 31, 2018 | ¥ 50 | ¥ 25 | ¥ 25 | 53.1% |
| Fiscal Year Ended March 31, 2017 | ¥ 50 | ¥ 25 | ¥ 25 | 60.0%* |
| Fiscal Year Ended March 31, 2016 | ¥ 25 | — | ¥ 25 | 28.8%* |
Total Shareholders Return（Comparative Indicator：TOPIX Total Return（Banking））
| Fiscal Year Ended March 31,2024 | 155.25%（261.13%） |
| Fiscal Year Ended March 31,2023 | 106.12%（151.23%） |
| Fiscal Year Ended March 31,2022 | 93.87%（122.15%） |
| Fiscal Year Ended March 31,2021 | 96.27%（109.62%） |
| Fiscal Year Ended March 31,2020 | 86.60%（77.32%） |
Share Repurchase Status
Details regarding share repurchase* since the company was listed in November 2015 are as follows.
*Excluding share repurchase pursuant to Article 155 (vii) of the Companies Act (purchases from holders of shares less than one unit)
| Repurchase period | Method of repurchase | Total number of repurchased shares | Aggregate amount of repurchase price (yen) |
|---|---|---|---|
| March 22, 2023 to April 27, 2023 | Market purchases under discretionary transaction contracts with respect to the repurchase of shares | 72,418,800 | 79,999,985,300 |
| March 1, 2023 | Purchases through the Off-Auction own share repurchase trading on ToSTNeT-3 | 59,523,800 | 69,999,988,800 |
On February 27, 2025, we made timely disclosure regarding share repurchase.
Please see the following webpage for more.
Cancellation Status of Treasury Stock
Details regarding the cancellation of treasury stock since the company was listed in November 2015 are as follows.
| Cancellation Date | No. of Stocks Canceled |
|---|---|
| May 31, 2023 | 72,418,800 |
| March 17, 2023 | 59,523,800 |
| September 15, 2021 | 750,454,980* |
*Cancellation of treasury stock acquired from Japan Post Holdings Co., Ltd. in September 2014
On February 27, 2025, we made timely disclosure regarding the cancellation of treasury stock.
Please see the following webpage for more.
