Shareholders Return

Policy on Shareholders Return
Toray recognizes earning distribution as one of the top priorities of company management. We will make distributions taking in account the business performance, financial strength, and retained earnings necessary for future investments.
Policy on Shareholders Return

Dividends

J-GAAP

Yen, %

(FY) 2012 2013 2014 2015 2016 2017 2018 2019
Interim 5.0 5.0 5.0 6.0 7.0 7.0 8.0 8.0
Year-end 5.0 5.0 6.0 7.0 7.0 8.0 8.0 8.0
Total 10.0 10.0 11.0 13.0 14.0 15.0 16.0 16.0
Net Income per Share 29.75 36.59 44.33 56.38 62.17 59.97 49.61 34.83
Payout Ratio 33.6% 27.3% 24.8% 23.1% 22.5% 25.0% 32.3% 45.9%

IFRS

Yen, %

(FY) 2019 2020 2021
Interim 8.0 4.5 8.0
(plan)
Year-end 8.0 4.5 8.0
(plan)
Total 16.0 9.0 16.0
(plan)
Earnings per Share 52.65 28.61 56.23
(estimate)
Payout Ratio 30.4% 31.5% 28%
(estimate)
  • * Toray Group has applied the International Financial Reporting Standards (IFRS) from the first quarter of the fiscal year ended March 31, 2021.
    The financial figures for the fiscal year ended March 31, 2020 are presented in accordance with IFRS in addition to Japanese generally accepted accounting principles.