Stock Information
NICIGAS’ Policy on Return to Shareholders
As of June 25th, 2024
■ For FYE 03/25, NICIGAS plans to continue to increase dividend
NICIGAS focuses on return to shareholders. For FYE 03/25, NICIGAS plans dividend per share(*) of ¥92.5, an increase of ¥17.5 YoY.
■ NICIGAS plans total return ratio over 100%, further enhancing Return to Shareholders
NICIGAS plans total return ratio over 100% in 3 years from FYE 03/24 to FYE 03/26. Specifically, (1) NICIGAS will return an amount equal to total net income in 3 years from FYE 03/24 to FYE 03/26 (Plan: C.¥40.0B) to shareholders by way of dividend and share buy back. NICIGAS will focus on dividend and allocate ¥30.0B to dividend and ¥10.0B to share buy back. In addition, (2) NICIGAS plans additional return to shareholders (share buy back), apart from (1) above, as a result of optimization of capital-to-asset ratio.
(*) For the FYE 03/24, repurchased total of ¥5.9B of its common shares. Of this amount, approx. ¥2.4B was repurchased in the July 27th, 2023 announcement, and approx. ¥3.5B was repurchased in the February 1st, 2024 announcement (approx. ¥0.8B was repurchased in Apr. 2024).
(*) For the FYE 03/25, announced share buyback of ¥3.0B (maximum) on June 25th, 2024 (Repurchase period: From June 26th, 2024 to December 31st, 2024)
(*) After the stock split (NICIGAS split its ordinary share three-for-one on April 1st, 2021)
Trend of dividend (after stock split)
*Record date for interim dividends is September 30th and that for year-end dividends is March 31st, respectively.
