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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
・Taking into consideration the balance between shareholder returns, financial soundness and growth investments, throughout the term of the Medium-term Management Plan (FY2022/3 through FY2026/3), the basic policy is to maintain a dividend payout ratio of approximately 50%.
・However, the target dividend payout ratio will be set between 50% and 60% while keeping in mind the stability and sustainability of dividends and we will target increases to dividends per share (DPS) compared to projected dividend levels for FY2022/3.
■Other policies pertaining to shareholder returns, etc.
・We will also consider implementing additional shareholder return policies depending on future expansions in income, the repleteness of internal reserves and the status of regulatory trends, etc.
・In order to express our gratitude to our shareholders for their daily support, to enhance the appeal of investing in Japan Post Bank’s shares and thereby increase the number of our shareholders, we introduced a shareholder benefit program. For details, please see following page (Notice Regarding the Introduction of a Shareholder Benefit Program).
・As for the frequency of dividends, taking into consideration the status of Japan Post Bank’s investment portfolio, our policy will be to issue annual dividends once each year while the market remains significantly opaque due to the effects of COVID-19, among other factors.
|Dividends per share|
|Fiscal Year Ended March 31,2023||¥ 50
|Fiscal Year Ended March 31, 2022||¥ 50||¥ 0||¥ 50|
|Fiscal Year Ended March 31, 2021||¥ 50||¥ 0||¥ 50|
|Fiscal Year Ended March 31, 2020||¥ 50||¥ 25||¥ 25|
|Fiscal Year Ended March 31, 2019||¥ 50||¥ 25||¥ 25|
|Fiscal Year Ended March 31, 2018||¥ 50||¥ 25||¥ 25|
|Fiscal Year Ended March 31, 2017||¥ 50||¥ 25||¥ 25|
|Fiscal Year Ended March 31, 2016||¥ 25||—||¥ 25|