Sojitz : Notice Concerning Cash Dividends (Year-End Dividend Proposal for the Fiscal Year Ended March 2024 and Interim Dividend for the Fiscal Year Ending March 2025)
May 02, 2024 at 05:35 am EDT
Share
May 1, 2024
Company name
Sojitz Corporation
Representative
Masayoshi Fujimoto, Chairman & CEO
(TSE Code : 2768; TSE Prime Market)
Contact
Nahoyoshi Tomita, PR Dept.
TEL
+81-3-6871-3404
Notice Concerning Cash Dividends (Year-End Dividend Proposal for the Fiscal Year Ended March 2024
and Interim Dividend for the Fiscal Year Ending March 2025)
Sojitz Corporation announces that, at a meeting of its Board of Directors held on May 1, 2024, it has decided to pay the following dividends to shareholders (the proposed year-end dividend for the fiscal year ended March 2024 will be submitted to the ordinary general shareholders' meeting and interim dividend for the fiscal year ending March 2025) as follows.
1. Details of Year-end Dividend Proposal for the Fiscal year Ended March 2024
Details of Year-end Dividend Proposal
The year-end dividend proposal to be submitted to the ordinary general shareholders' meeting for the fiscal year ended March 2024 is unchanged from the dividend forecast announced on February 2, 2024. DOE at market price-based value exceeds the 4% set as the minimum dividend.
Year-end Dividend
Recent Forecast
Previous year
（Announced on
（Fiscal year ended
Proposal
February 2, 2024）
March 31,2023）
Record date
March 31, 2024
March 31, 2024
March 31, 2023
Dividend per share
70.00 yen
70.00 yen
65.00 yen
Total dividends
15.322 billion yen
－
15.065 billion yen
Effective date
June 19, 2024
－
June 21, 2023
Source of dividends
Retained earnings
－
Retained earnings
2. Dividend Forecast and Interim Dividend for the Fiscal Year Ending March 2025
Dividend policy
The Medium-term Management Plan 2026 sets a progressive dividend policy based on a DOE of 4.5% (*) for stable and continuous dividends.
Shareholder Equity after deducting other components of equity (Foreign Currency Translation Reserve, Other Valuation difference, Deferred gains or losses on hedges) from total equity at the end of the previous fiscal year.
Details of interim dividend
In order to enhance the predictability of shareholder returns, the Company has resolved to distribute interim dividends as follows based on the basic policy and the financial results for the fiscal year ended March 2024 disclosed today. The Company plans to announce the dividend surplus at the end of the current fiscal year and the interim dividend surplus for the following fiscal year on the same day.
Previous year
Amount
Recent Forecast
（Fiscal year ended
March 31,2024）
Record date
September 30, 2024
－
September 30, 2023
Dividend per share
75.00 yen
－
65.00 yen
Total dividend
16.358 billion yen
－
14.439 billion yen
Effective date
December 1, 2024
－
December 1, 2023
Source of dividend
Retained earnings
－
Retained earnings
*However, this amount is based on the number of shares as of April 30, 2024, and the final total dividend amount will be the number of shares as of the record date multiplied by 75 yen per share.
Details of the dividend forecast
In the year ending March 31, 2025, Sojitz Corporation plans to pay an annual dividend of 150 yen per share (interim dividend of 75 yen plus year-end dividend of 75 yen) based on its basic policy and earnings forecast. This amount will equate to a consolidated payout ratio of 29.6% of the forecast for profit for the year (attributable to owners of the Company).
Dividend per share
Record date
Interim
Year-end
Annual
Forecast
75.00 yen
150.00 yen
FY2024
(Year ended
75.00 yen
March 31, 2025)
FY2023
(Year ended
65.00 yen
70.00 yen
135.00 yen
March 31, 2024)
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Disclaimer
Sojitz Corporation published this content on
01 May 2024 and is solely responsible for the information contained therein. Distributed by
Public, unedited and unaltered, on
02 May 2024 09:35:52 UTC.
Sojitz Corporation is a diversified group organized around 10 business segments:
- distribution of chemicals products (25.4% of sales): organic, basic and specialty chemicals, plastic products, resins, etc;
- mining operations (22.2%): coal mining, alumina refining, sale of steel products and ferrous and non-ferrous metals, etc;
- distribution of large consumer products (17.6%): clothing and accessories, textile products, home and decorative articles, etc;
- automobile assembly and sales (11.6%);
- production and sale of food products and ingredients (7.8%);
- sale of industrial machinery and equipment and development of health facilities (6.9%);
- development and operation of energy and telecommunications infrastructure (3.6%);
- industrial infrastructure operation, property management and urban development (2%);
- aircraft and ship sales (1.7%). The group also develops activities in the operation of airport and rail infrastructure;
- other (1.2%): provision of financial services, logistics services, consulting, etc.
Sojitz : Notice Concerning Cash Dividends (Year-End Dividend Proposal for the Fiscal Year Ended March 2024 and Interim Dividend for the Fiscal Year Ending March 2025)
SOJITZ CORPORATION 
