Shareholder Returns

Dividend policy

Duskin places profit return for shareholders as a core issue in management and holds as our basic policy the execution of profit allocation in line with performance, with consideration given to the balance between investments for continued growth and corporate value improvement, and financial health to provide a buffer against various risks. The annual dividend payout is therefore based on a consolidated dividend payout ratio of 60% or a dividend on equity (DOE) of 2.5%, whichever amount is higher.
Furthermore, with the improvement of shareholder value per share and ROE as our goal, we mobilize the acquisition of treasury shares with an eye on the market environment and cash flow.

Dividend amount and dividend payout ratio

The new dividend policy is effective from the FY2022 interim dividend.

Dividend amount & dividend payout ratio growth

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Status of Capital, issued shares and treasury share acquisition

	Capital (million yen)	Total issued shares (thousand shares)	Treasury shares retained at period-end (thousand shares)	Treasury share acquisition (thousand shares)	Treasury share acquisition value (million yen)
FY 2022	11,352	50,994	2,051	1,094	3,303
FY 2021	11,352	50,994	975	—	—
FY 2020	11,352	50,994	1,650	—	—
FY 2019	11,352	50,994	1,659	2,679	7,777
FY 2018	11,352	52,694	679	1,429	3,750
FY 2017	11,352	55,194	1,750	—	—
FY 2016	11,352	55,194	1,749	2,100	4,415
FY 2015	11,352	57,494	1,948	5,000	10,503
FY 2014	11,352	63,494	2,947	1,030	—
FY 2013	11,352	63,494	1,915	1,500	2,835
FY 2012	11,352	64,994	1,913	1,203	2,015

(Note) The share amounts are rounded down to the nearest thousand shares.

Shareholder benefits

As a sign of our gratitude towards all of our shareholders, we have established a Shareholder Benefits System.
It is our hope that you use Duskin products and services through the Benefits System and learn more about our business through firsthand experience.