Morinaga Group’s basic policy is to offer stable and consistent shareholder returns backed by a solidified business foundation.
As for shareholder returns, we will seek to raise dividend on equity (DOE), an indicator of capital policy, over the medium- to long-term while considering dividend payout ratio level and free cash flow. In addition, we will also consider prompt approaches to share buybacks as needed with an eye toward the total shareholder return ratio.
| Repurchase period |
Method of repurchase | Total number of shares repurchased |
Total amount for repurchase of shares (yen) | Note |
|---|---|---|---|---|
| March 6, 2019 | Repurchase through Tokyo Stock Exchange Network off-auction own share repurchase trading system (ToSTNeT-3) | 1,700,000 | 8,381,000,000 | - |
| March 1, 2022 to October 25, 2022 |
Market purchases on Tokyo Stock Exchange | 2,536,900 | 9,999,887,500 | - |
| February 14, 2023 | Repurchase through Tokyo Stock Exchange Network off-auction own share repurchase trading system (ToSTNeT-3) | 650,000 | 2,486,250,000 | - |
| May 16, 2023 | Repurchase through Tokyo Stock Exchange Network off-auction own share repurchase trading system (ToSTNeT-3) | 1,180,000 | 5,256,900,000 | - |
| November 14,2023 | Repurchase through Tokyo Stock Exchange Network off-auction own share repurchase trading system (ToSTNeT-3) | 602,500 | 3,411,957,500 | - |
| May 14,2024 | Repurchase through Tokyo Stock Exchange Network off-auction own share repurchase trading system (ToSTNeT-3) | 940,000 | 2,368,800,000 | - |
| November 19,2024 | Repurchase through Tokyo Stock Exchange Network off-auction own share repurchase trading system (ToSTNeT-3)※1 | 3,858,700 | 9,999,821,050 | - |
Note: Information relating to repurchases after FY2018.
On January 1, 2024, the Company executed a two-for-one stock split of common shares.
Details of own-share repurchase after January 1, 2024, the number of shares is the number of shares after this stock split.
※1 Of these, 2,486,300 shares (6,443,246,450 yen in total) were acquired through the Accelerated Share Repurchase.
| Date of cancellation |
Type of shares to be cancelled | Total number of shares to be cancelled |
Ratio of the total issued shares before cancellation |
Note |
|---|---|---|---|---|
| November 30, 2022 |
Common shares of the Company | 5,400,000 | 9.96% | - |
| March 15, 2023 | Common shares of the Company | 650,000 | 1.33% | - |
| June 15, 2023 | Common shares of the Company | 1,180,000 | 2.45% | - |
| March 15,2024 | Common shares of the Company | 1,205,000 | 1.28% | - |
| June 14,2024 | Common shares of the Company | 940,000 | 1.01% | - |
Note: Information relating to repurchases after FY2018.
On January 1, 2024, the Company executed a two-for-one stock split of common shares.
Cancellation of treasury stock after January 1, 2024, the number of shares is the number of shares after this stock split.