Shareholder Return Policy

T&D Holdings's shareholder return policy is to realize stable and sustainable shareholder returns based on capital by implementing the following measures.

①Returns from periodic profit

 ●Cash dividend・・・To increase consistently and sustainably based on adjusted DOE of approx.4%

 ●Share buyback・・・To implement continuously for improvement of adjusted EPS
 ⇒50 to 60% of Group adjusted profit

②Additional returns based on capital levels

 ●When ESR consistently exceeds 225%, a judgment will be made taking into account.
Potential for growth investment/ Cash flows/ Impact of temporary interest rate increases

 ●When other capital efficiency improvements, etc. are judged to be necessary.

cash dividends + Share buyback

Historical Dividends

Dividend per Share Total dividend
Interim Year-end Annual(Total)
FY ended March 31, 2024 ¥35 ¥35(Forecast) ¥70(Forecast) ¥37.7 billion(Forecast)
FY ended March 31, 2023 ¥31 ¥31 ¥62 ¥34.3 billion
FY ended March 31, 2022 ¥28 ¥28 ¥56 ¥32.1 billion
FY ended March 31, 2021 ¥22 ¥24 ¥46 ¥27.4 billion
FY ended March 31, 2020 ¥22 ¥22 ¥44 ¥26.4 billion
FY ended March 31, 2019 ¥20 ¥22 ¥42 ¥25.7 billion
FY ended March 31, 2018 ¥17.5 ¥20 ¥37.5 ¥23.3 billion
FY ended March 31, 2017 ¥15 ¥17.5 ¥32.5 ¥20.5 billion
FY ended March 31, 2016 ¥30 ¥30 ¥19.4 billion
FY ended March 31, 2015 ¥25 ¥25 ¥16.6 billion
FY ended March 31, 2014 ¥25 ¥25 ¥16.8 billion
FY ended March 31, 2013 ¥22.5 ¥22.5 ¥15.1 billion
FY ended March 31, 2012 ¥22.5 ¥22.5 ¥15.1 billion
FY ended March 31, 2011 ¥45 ¥45 ¥15.3 billion
FY ended March 31, 2010 ¥45 ¥45 ¥15.3 billion
FY ended March 31, 2009 ¥45 ¥45 ¥12.3 billion
FY ended March 31, 2008 ¥65 ¥65 ¥16 billion
FY ended March 31, 2007 ¥65 ¥65 ¥16 billion
FY ended March 31, 2006 ¥55 ¥55 ¥13.5 billion

* T&D Holdings conducted a 2 for 1 stock split on October 1, 2011.
Please see "TANSHIN Reports" page for the projected dividend.

Share Buybacks

Total amount of acquisition Acquisition time
FY ended March 31, 2023 About ¥40 billion From May 2023 to February 2024
About ¥20 billion From November 2022 to March 2023
FY ended March 31, 2022 About ¥40 billion From November 2021 to May 2022
FY ended March 31, 2021 About ¥10 billion From May to June 2021
FY ended March 31, 2020 About ¥13 billion From November to December 2020
FY ended March 31, 2019 About ¥13 billion From May to June 2019
FY ended March 31, 2018 About ¥17 billion From May to June 2018
FY ended March 31, 2017 About ¥17 billion From May to June 2017
FY ended March 31, 2016 About ¥5 billion In February 2017
About ¥14 billion From May to June 2016
FY ended March 31, 2015 About ¥30 billion From May to July 2015
FY ended March 31, 2014 About ¥10 billion From May to June 2014
FY ended March 31, 2013 About ¥3 billion In May 2013
FY ended March 31, 2012 About ¥5 billion From November to December 2011

Stockholder Benefit Program

Not Implemented.