Investor Presentaiton
Revision of Forecasts for FY2023
■ Overview
✓ Revised forecasts upward to reflect changes in the external environment such as
increased crude oil prices and further JPY depreciation
[\ billions]
5/9
Forecast
Revised
Change
Forecasts
Operating Income
+ Equity Income
155
265
+110
|Inventory impact
(30)
45
+75
Exc. inventory impact
185
220
+35
Net Income Attributable
100
180
+80
to Owners of the Parent
Exc. inventory impact
120
150
+30
■Shareholder returns (dividends and acquisition of treasury shares)
✓ Increased the FY23 dividend forecast from ¥120/share to ¥160/year
(interim: ¥80, FY end: ¥80*1) in light of the change in shareholder return policy
✓ Acquiring treasury shares of ¥35 billion based on the revised FY23 earnings forecast
✓ As a result, we expect the total payout ratio to exceed 50% in FY23
idemitsu *1: Expected FY-end dividends of ¥16/share to reflect the stock split
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