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Dividend Policy and Dividends
As a matter of basic policy on profit sharing, Itochu Enex is committed to continuously providing steady dividends to shareholders, with a consolidated payout ratio of 30% or more as a benchmark. Over the medium to long term, Itochu Enex aims to reduce total assets while maintaining an efficient, well-balanced capital structure within the Group.
The Company's basic policy is to pay semi-annual dividends (interim and year-end) from surplus. Year-end dividend decisions are finalized by the General Meeting of Shareholders, and interim dividend decisions are finalized by the Board of Directors. The Company pays a year-end dividend of ¥8 per share. The Company has a basic policy of using internal reserves to strengthen its business foundation and to make capital investments that will increase future earnings.
(The Articles of Incorporation allow the Company to pay interim dividends with a record date of September 30 in accordance with a Board of Directors' resolution.)
![[Figure]Returns to Shareholders: Dividends and Net Profits](img/pic_01.png)
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