Hanwa Co., Ltd.

Dividend Policy

Hanwa considers sustainable return to shareholders to be one of its most important policies. We continue to make consistent distribution of stable dividends to shareholders its primary policy. We dedicate to sustainable growth of our corporate value, aiming increase dividend amount over the medium to long term.
We also make efforts to further development Hanwa Group value by measures such as making effective use of retained surplus to strengthen our management foundation and to invest in growth and new businesses.

Hanwa will adopt the dividend on equity ratio (DOE) during the period of the “Medium-Term Management Plan 2025. DOE indicates the dividend level according to shareholders' equity, aiming for stable and progressive dividends that are not easily affected by single-year performance. In addition to setting DOE of 2.5% as the minimum dividend level for consolidated shareholders' equity at the beginning of the fiscal year, we will flexibly consider additional shareholder returns such as the acquisition of treasury stock.

Our basic policy is to pay interim and year-end dividends in each fiscal year. The board of directors determines the interim dividend, while the year-end dividend requires the approval of shareholders.

Cash divedends per share Net income per share
(Consolidated)
Dividend payout ratio
(Consolidated)
Interim Results Year-end Annual
FY2018 75.00 75.00 150.00 342.41 43.8%
FY2019
75.00 25.00 100.00 ( 336.51 ) -
FY2020 30.00 30.00 60.00 482.74 12.4%
FY2021 50.00 50.00 100.00 1,073.34 9.3%
FY2022 50.00 80.00 130.00 1,267.44 10.3%
FY2023
(estimated)
85.00 85.00 170.00 - 19.2%
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