The basic policy for shareholder returns is to emphasize maintaining a stable dividend based on the consolidated dividend on equity(DOE) ratio, and to conduct flexible share buy-backs in consideration of capital efficiency.
Together with the dividend and share buy-back, the shareholder return is likely to exceed 230 billion yen in FY2017 full-year projections. How did you decide a share buy-back of 100 billion yen this time?
Shareholder Returns Article 8. The Company shall fully respect the rights of shareholders who receive dividends of a surplus and thus shall establish and explain its basic policies regarding shareholder returns given in the form of dividends of surplus funds, among other items.
FY2018 Shareholder Return Outlook In summary, our results for the first half were unfavorable, as we faced a number of challenges, including declining in sales in North America and Europe, increasing commodity prices and foreign exchange headwinds.
Shareholder Return Outlook Despite the recent challenges, for the 2017 fiscal year, we are still committed to a full year dividend of 53 yen per share, a 10.4% increase versus the prior year level.
Based on our Strategic Risk Management(ERM)* framework, we aim to provide attractive shareholder returns and maximize corporate value based on a balance between profit and capital.
Shareholder Return| Sumitomo Mitsui Financial Group Dividends will be our principal approach to shareholder returns. In addition, we will proceed with share buybacks on a flexible basis assuming our financial soundness is maintained.
Interview with the CFO CFO Yoshio Itaya answers frequently asked questions from investors on topics including the progress of the mid-term business plan, future growth and innovation, capital strategy, shareholder returns and IR policy.
Target a total payout ratio of 50%? 100% and determine total shareholder returns flexibly, comprehensively take into account factors such as chance of large-scale M&As and capital adequacy.?
Based on the shareholder return policy stated in the Mid-term Management Plan, the Company will consider further enlargement of shareholder return with an eye on the optimal balance among its financial soundness, profitability and investment opportunities for future growth.
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