Basic Policy regarding Profit Allocation
The business of the RAIZNEXT Group is based on maintenance of plants in the oil, petrochemicals, and general chemicals industries, and provision of engineering services, which are contracting industries subject to the impact of changes in private sector capital expenditure. In view of the nature of its business, the Company recognizes that strengthening the corporate structure in preparation for changes in the business environment and future business developments and building a stable management foundation will increase corporate value, thereby ensuring future profits for all stakeholders, including shareholders, customers, suppliers, and employees. Under this recognition, the Company regards the allocation of profit to shareholders as a top priority management issue. The Company aims for a consolidated dividend payout ratio of at least 60% while giving attention to the commitment to implementing continuous and stable dividends in line with revenues and profits.
| FYE | Annual dividend | Dividend payout ratio (consolidated) |
|---|---|---|
| March 31, 2023 | ￥72.00 | 50.4% |
| March 31, 2022 | ￥58.00 | 40.5% |
| March 31, 2021 | ￥55.00 | 40.6% |
| March 31, 2020 | ￥53.00 | 40.1% |
| March 31, 2019 | ￥46.00 | 40.7% |
| March 31, 2018 | ￥39.00 | 40.5% |
| March 31, 2017 | ￥42.00 | 40.9% |
(Note) The figures above show actual dividends of the former Shinko Plantech Co., Ltd. up to the fiscal year ended March 31, 2019.