Investor Presentaiton
Shareholder Returns Policy
TOCH
GN
TOCHIGI BANK
Shareholder Returns Policy
(formulated in May 2022)
The Bank's basic policy is to continue to pay shareholders consistent dividends while working to maintain sound
management and enhance internal reserves to earn the trust of our customers and everyone in the local
community, based on the Bank's public nature.
We have explicitly stated our view on shareholder returns while maintaining this basic policy. We target a total
return ratio of 30% to 35%. This ratio indicates total returns, consisting of dividends and purchase of treasury
shares, as a percentage of profit attributable to owners of parent.
Dividend Per Share and Total Consolidated Return Ratio
(Yen)
15.0
Dividend per share
Total consolidated return ratio
(%)
40.0
34.1
12.5
28.6
Target of
30 to 35%
25.1
10.0
7.5
15.8
30.0
20.0
We have decided to pay a year-end dividend of 3.00 yen per
share for the fiscal year ended March 31, 2023, in line with the
dividend forecast announced last May (this will be proposed at
the annual general shareholders' meeting in June 2023).
Combined with the interim dividend of 3.00 yen per share, this
brings the annual dividend to 6.00 yen per share.
For the fiscal year ended March 31, 2023, we repurchased
1,069,400 treasury shares (at an acquisition cost of 274 million
yen) to enhance the return to shareholders through the
improvement of capital efficiency. The total return ratio was
34.1%, which was within the target range of 30% to 35% set in
our shareholder returns policy.
We plan to pay an annual dividend of 6.00 yen per share for the
fiscal year ending March 31, 2024.
5.0
6.0
6.0
5.5
5.0
5.0
2.5
10.0
0.0
00
0.0
2020/3
2021/3
2022/3
2023/3
2024/3
(Plan)
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