Policy for Dividend

TOHO HOLDINGS believes that returning earnings to its shareholders is one of its most important management tasks and recognizes its obligation to improve its earnings per share. With respect to the allocation of earnings, we intend to maintain the basic dividend policy of paying stable dividends, considering year-on-year changes in operational performance. We also seek to retain adequate earnings to augment the Company’s earnings structure and to provide for future market fluctuations.

Stockholder dividend

FY2018 FY2019 FY2020 FY2021 FY2022 FY2023
(Expected)
Dividend Per Share(yen) 1Q ------
2Q 15.0015.0020.0015.0015.0016.00
3Q ------
FY-End 15.0015.0020.0015.0015.0016.00
Total 30.0030.0040.0030.0030.0032.00
Amount of Dividends(million yen) 2,0552,0202,8152,1152,116-
Payout Ratio(%) 14.314.417.142.415.820.0
Ratio of Total Amount of Dividends to Net Assets(%) 1.01.01.20.90.9-

Change of the dividend