We recognize the most important issue of management is return to shareholders, therefore, our target of total return ratio including a share buyback pursuant remains more than 30% in the Fifth Mid-Term Management Plan. Internal reserves are used to improve future earnings by maintaining and enhancing investments and competitiveness. Based on these initiatives, the Company aims to continue its growth into the future and secure long-term stable returns to shareholders.
For the year ended March 31, 2022, profit attributable to owners of parent decreased year on year, but the Company plans to pay an annual dividend per share of ¥50 (year-end dividend of ¥35 as an interim dividend of ¥15 was provided in the second quarter), which is the same amount as the previous fiscal year. The consolidated payout ratio will therefore be 47.5%.
For dividends for the year ending March 31, 2023, assuming that the forecast profits are achieved, the Company plans to pay an interim dividend per share of ¥15 and a year-end dividend per share of ¥35 to provide an annual dividend per share of ¥50.
GS Yuasa consolidated its shares with a ratio of five shares of common stock into one share, effective on October 1, 2018. The Per-share indication before the consolidation of shares is calculated as if the consolidation of shares had conducted.
We don’t have but our policy is to return profits through dividends.