Dividends & shareholder Return

Implementing Shareholder Return Policy

Morinaga Group’s basic policy is to offer stable and consistent shareholder returns backed by a solidified business foundation.

As for shareholder returns, we will seek to raise dividend on equity (DOE), an indicator of capital policy, over the medium- to long-term while considering dividend payout ratio level and free cash flow. In addition, we will also consider prompt approaches to share buybacks as needed with an eye toward the total shareholder return ratio.

Dividends per Share/Payout Ratio

Unit: yen

Unit: %

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Shareholder Benefits Program

To thank our shareholders for their ongoing support and to further deepen their understanding of Morinaga Group, Morinaga&Co., Ltd. has decided to introduce a shareholder benefits program. The first shareholder benefit will be offered to shareholders at of the end of September 2023. Please see below for details.

Details of Own-share Repurchase

Repurchase
period
Method of repurchase Total number of shares
repurchased
Total amount for repurchase of shares (yen) Note
March 6, 2019 Repurchase through Tokyo Stock Exchange Network off-auction own share repurchase trading system (ToSTNeT-3) 1,700,000 8,381,000,000 -
March 1, 2022 to
October 25, 2022
Market purchases on Tokyo Stock Exchange 2,536,900 9,999,887,500 -
February 14, 2023 Repurchase through Tokyo Stock Exchange Network off-auction own share repurchase trading system (ToSTNeT-3) 650,000 2,486,250,000 -
May 16, 2023 Repurchase through Tokyo Stock Exchange Network off-auction own share repurchase trading system (ToSTNeT-3) 1,180,000 5,256,900,000 -

Cancellation of Treasury Stock

Date of
cancellation
Type of shares to be cancelled Total number of shares
to be cancelled
Ratio of the total issued
shares before cancellation
Note
November 30,
2022
Common shares of the Company 5,400,000 9.96% -
March 15, 2023 Common shares of the Company 650,000 1.33% -
June 15, 2023 Common shares of the Company 1,180,000 2.45% -

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