Dividends and Shareholder Returns
Basic Policy Regarding Profit Sharing
For the azbil Group, returning profits to our shareholders is an important priority for management. While striving to raise the dividend level, we also want to maintain stable dividends, taking into consideration the consolidated financial results and such indicators as levels of return on equity (ROE), dividends on equity (DOE), and retained earnings required for future business development and strengthening the business structure.
Regarding retained earnings, effective use is to be made of them by investing mainly in business expansion and strengthening the business foundation: enhancing our products/services, implementing structural reforms for global production/development facilities to promote growth, and ensuring we can continue our business even in the event of a major natural disaster or other unforeseen circumstances. Consequently, we aim to further raise shareholder value.
Basic Policy
Developing a disciplined capital management and maintaining and enhancing the azbil Group's enterprise value, while carefully balancing three key elements: promoting shareholder returns, investing for growth, and maintaining a sound financial base.
- Returning profits to shareholders is a management priority.
- Returning profits to shareholders is mainly by dividends, but also by flexible repurchase of shares by the company.
- In deciding the level of returns, consideration is given to consolidated financial results, levels of ROE, DOE, and retained earnings required for future business development and strengthening of the company.
- We strive to maintain a stable but rising dividend level.
Dividend information
Dividends for FY2024 (Ending March 31, 2025)
| Interim dividend | ¥44.00/share |
|---|---|
| Year-end dividend (plan) | ¥11.00/share |
* Azbil Corporation implemented a 4-for-1 common stock split effective on October 1, 2024. As regards dividend per share for FY2024, the interim dividend is applied to shares held prior to the stock split, while the year-end dividend is applied to shares held after the stock split. If the stock split were not taken into account, the year-end dividend would be 44.00 yen per share.
Payment schedule (Date of right allotment)
| Interim dividend | December (September 30) |
|---|---|
| Year-end dividend | June (March 31) |
Dividend transition
| Fiscal year | Dividend | DOE | Note |
|---|---|---|---|
| FY2023 (Ended March 31, 2024) |
¥19.00/share | 4.8% | |
| FY2022 (Ended March 31, 2023) |
¥16.50/share | 4.4% | |
| FY2021 (Ended March 31, 2022) |
¥15.00/share | 4.2% | |
| FY2020 (Ended March 31, 2021) |
¥13.75/share | 4.0% | |
| FY2019 (Ended March 31, 2020) |
¥12.50/share | 3.9% | |
| FY2018 (Ended March 31, 2019) |
¥11.50/share | 3.7% | |
| FY2017 (Ended March 31, 2018) |
¥10.25/share | 3.5% | |
| FY2016 (Ended March 31, 2017) |
¥9.62/share | 3.5% | Including commemorative dividend for 110th anniversary: ¥0.625/share |
| FY2015 (Ended March 31, 2016) |
¥8.37/share | 3.1% | |
| FY2014 (Ended March 31, 2015) |
¥7.87/share | 3.1% | |
| FY2013 (Ended March 31, 2014) |
¥7.87/share | 3.3% |
* We implemented a 4-for-1 stock split effective on October 1, 2024 and a 2-for-1 common stock split effective on October 1, 2018. Dividends has been calculated as if the stock split had been implemented at the beginning of the year ended March 31, 2014.
Repurchase and cancellation of own stock
FY2024 (Ending March 31, 2025)
| Total amount of repurchase | Up to 15.0 billion yen |
|---|---|
| Number of shares to be repurchased | Up to 24.0 million shares |
| Number of shares cancelled | 5.36 million shares |
Trend of share repurchase and cancellation
| Fiscal year | Total amount of repurchase | Number of shares repurchased | Number of shares cancelled |
|---|---|---|---|
| FY2023 (Ended March 31, 2024) |
¥9.9 billion | 8.77 million shares | 8.76 million shares |
| FY2022 (Ended March 31, 2023) |
¥9.9 billion | 10.68 million shares | 6.00 million shares |
| FY2021 (Ended March 31, 2022) |
¥9.9 billion | 9.01 million shares | |
| FY2020 (Ended March 31, 2021) |
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| FY2019 (Ended March 31, 2020) |
¥9.9 billion | 14.87 million shares | 13.20 million shares |
| FY2018 (Ended March 31, 2019) |
¥4.9 billion | 7.48 million shares | |
| FY2017 (Ended March 31, 2018) |
¥2.9 billion | 5.71 million shares | 3.44 million shares |
| FY2016 (Ended March 31, 2017) |
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| FY2015 (Ended March 31, 2016) |
¥1.9 billion | 4.80 million shares | |
| FY2014 (Ended March 31, 2015) |
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| FY2013 (Ended March 31, 2014) |
* We implemented a 4-for-1 stock split effective on October 1, 2024 and a 2-for-1 common stock split effective on October 1, 2018. The above numbers of shares have been calculated as if the stock split had been implemented at the beginning of the year ended March 31, 2014.
