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.
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.
| 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 | - |
| 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% | - |