Tokio Marine Group's basic policy on shareholder returns is to increase dividend total continously in line with profit growth. Payout ratio is at or above 40% of the 5-year average adjusted net income, and we gradually increase the payout ratio (the original projection basis) to levels that are on par with global peers to achieve mid-term goal.
A budget forannual capital level adjustment is set to ensure greater transparency.
Scheduled date to commence dividend payments in FY2020
End of term: June 29, 2021
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) | ||
| 2021 (Projection) *1 | 107.5 | 107.5 | 215 | 149.0 |
| 2020 | 100 | 100 | 200 | 139.1 |
| 2019 | 95 | 95 | 190 | 133.0 |
| 2018 | 90 | 90 | 180 | 128.0 |
| 2017 | 80 | 80 | 160 | 117.6 |
| 2016 | 67.5 | 72.5 | 140 | 105.3 |
| 2015 | 52.5 | 57.5 | 110 | 83.0 |
| 2014 | 40 | 55 | 95 | 72.2 |
| 2013 | 30 | 40 | 70 | 53.7 |
| 2012 | 27.5 | 27.5 | 55 | 42.2 |
- *1 Before reflecting share buybacks.
- *2 Regarding "Dividend per Share", a one to five hundred common stock split on September 30, 2006 has been taken into consideration in retroactive adjustments.
Share Buybacks, etc
Trends of Adjustment of Capital Level (Share Buybacks, etc)
| Fiscal year | Adjustment of Capital Level (Share Buybacks, etc) |
|---|---|
| 2021 (Projection) *1 | 100.0 |
| 2020 | 50.0 |
| 2019 | 50.0 |
| 2018 | 125.0 |
| 2017 | 150.0 |
| 2016 | 50.0 |
| 2015 | - |
| 2014 | 50.0 |
| 2013 | - |
| 2012 | - |
*1 FY2021 (projection) is the total amount of small- to medium-sized business investment and capital level adjustment (guideline).
Regarding details on shareholder returns, please refer to FY2021 IR Conference material of "Tokio Marine Group's Business Strategy"
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 |
|---|---|---|
| 2020 | -4,500,000 | 697,500,000 |
| 2019 | -8,000,000 | 702,000,000 |
| 2018 | -38,024,375 | 710,000,000 |
| 2017 | -5,000,000 | 748,024,375 |
| 2016 | -4,500,000 | 753,024,375 |
| 2015 | — | 757,524,375 |
| 2014 | -12,000,000 | 757,524,375 |
| 2013 | — | 769,524,375 |
| 2012 | -35,000,000 | 769,524,375 |
| 2011 | — | 804,524,375 |
