Tokio Marine Group regards dividends as the basis of shareholder returns, and our policy is to increase dividend continuously in line with profit growth.
In addition, capital level adjustment will be carried out in a flexible manner, comprehensively taking into account the ESR level, M&A pipelines, business environment, and ROE targets, etc.
Commencement date of year-end dividend payments for FY2025
June 30, 2026
Furthermore, we will launch a shareholder benefit program for shareholders of record as of March 31, 2027.
Dividend
Dividend per Share Trends
| Fiscal year | Dividend per Share (yen) | Total amount of dividends to shareholders (Billions of yen) |
||
|---|---|---|---|---|
| Interim | Year-End | Annual (Total) | ||
| 2026 (Projection) | 8.17 | 8.17 | 16.34 | 460.6 |
| 2025 | 7.03 | 7.50 | 14.53 | 412.4 |
| 2024 | 5.40 | 6.07 | 11.47 | 333.2 |
| 2023 | 4.03 | 4.17 | 8.20 | 243.0 |
| 2022 | 3.33 | 3.33 | 6.67 | 200.2 |
| 2021 | 2.67 | 3.00 | 5.67 | 173.9 |
| 2020 | 2.22 | 2.22 | 4.44 | 173.9 |
| 2019 | 2.11 | 2.11 | 4.22 | 133.0 |
| 2018 | 2.00 | 2.00 | 4.00 | 128.0 |
| 2017 | 1.78 | 1.78 | 3.56 | 117.6 |
- The total amount of dividends paid to shareholders is based on the amount before reflecting the acquisition of treasury stock.
- Recalculated based on the 15-for-1 stock split conducted in October 2026 for the interim dividend for FY2026 and dividends for FY2025 and earlier.
- In addition to the ordinary dividends shown above, one-time dividends were paid for capital level adjustment purposes (¥1.56 per share for the interim dividend of FY2018, ¥0.78 per share for the interim dividend of FY2019, and ¥0.78 per share for the interim dividend of FY2020).
Share Buybacks, etc
Trends of Adjustment of Capital Level (Share Buybacks, etc)
| Fiscal year | Adjustment of Capital Level (Share Buybacks, etc) |
|---|---|
| 2026 (Projection) | 400.0 |
| 2025 | 240.0 |
| 2024 | 220.0 |
| 2023 | 120.0 |
| 2022 | 100.0 |
| 2021 | 100.0 |
| 2020 | 50.0 |
| 2019 | 50.0 |
| 2018 | 125.0 |
| 2017 | 150.0 |
* Adjustment of capital level (share buybcks, etc.) is the total amount approved by the announcement date of financial results of each fiscal year (excluding FY2026).
Trends of the Cancellation of Shares held the Company
| Fiscal year | Number of shares to be cancelled | Number of issued shares (including treasury shares) after the cancellation |
|---|---|---|
| 2025 | - | 29,010,000,000 |
| 2024 | -660,000,000 | 29,010,000,000 |
| 2023 | -367,500,000 | 29,670,000,000 |
| 2022 | -562,500,000 | 30,037,500,000 |
| 2021 | -787,500,000 | 30,600,000,000 |
| 2020 | -202,500,000 | 31,387,500,000 |
| 2019 | -360,000,000 | 31,590,000,000 |
| 2018 | -1,711,096,875 | 31,950,000,000 |
| 2017 | -225,000,000 | 33,661,096,875 |
| 2016 | -202,500,000 | 33,886,096,875 |
-
* Recalculated based on the 15-for-1 stock split conducted in October 2026.
Shareholder Benefit Program
To further enhance the investment appeal of our shares and encourage long-term share ownership among a broader range of shareholders, we will introduce a shareholder benefit program.
Through this program, we hope to encourage our shareholders to support, over the long term, our efforts toward achieving Aspiration 2035, our long-term vision for the future (Tokio Marine Group Business Strategy).
We also seek to express our appreciation for the continued support of our shareholders and enhance the value of being a shareholder of Tokio Marine Holdings.
For further details regarding the shareholder benefit program, please see our press release dated August 25, 2026.