Stock and Bond Information
Distribution of Profits
Basic Policy for Profit Distribution
Makita’s basic profit distribution policy has been to pay a minimum annual dividend of 10 yen per share and a consolidated dividend payout ratio of 30% or more (however, if there are special factors, the dividend amount will be determined based on adjusted basic earnings per share after adding or subtracting such factors). However, from the viewpoint of strengthening shareholder returns, we have reviewed this policy and decided to set the minimum annual dividend at 20 yen and the total return ratio(*) at 35% or more (taking special factors into consideration, if any), starting from the fiscal year ended March 31, 2023. Of these, we will consider purchasing of treasury shares in view of stock price level and free cash flow and so on, in order to increase shareholder returns through the implementation of a flexible capital policy and improvement of capital efficiency.
We intend to use retained earnings to invest in environmental initiatives, which will become increasingly important, and to expand our business globally, while maintaining a financial structure that can withstand any changes in the business environment.
Dividends per share
Status of Repurchase, etc. of Treasury Stock Fiscal Year Ended March 31, 2024
(1) Status of repurchase of treasury stock pursuant to resolutions of the general meeting of shareholders
Not applicable
(2) Status of repurchase of treasury stock pursuant to resolutions of the Board of Directors
Category |
Number of shares (Shares) |
Total value (thousand yen) |
Resolution of the Board of Directors (April 27, 2023)
(Acquisition period: May 15, 2023 to August31, 2023) |
3,100,000 (up to) |
10,000,000 (up to) |
| Treasury stock acquired before the fiscal year |
- |
- |
| Treasury stock acquired during the fiscal year |
2,532,400 |
9,999,790 |
Total number and total value of remaining shares
to be acquired by the resolution |
567,600 |
210 |
| Unexercised rate as of the end of the fiscal year (%) |
18.3 |
0.0 |
(3) Details of repurchase of treasury stock other than pursuant to resolutions of the general meeting of shareholders or resolutions of the Board of Directors
Number of shares (shares) |
Total value (thousand yen) |
713 |
2,682 |
(4) Status of disposal and holding of acquired treasury stock
Category |
Number of shares (shares)
|
Total disposal value (thousand yen)
|
| Repurchased treasury stock offered for subscription |
- |
- |
| Repurchased treasury stock cancelled |
- |
- |
| Repurchased treasury stock transferred in relation to merger, share exchange, and company split |
-
|
- |
Others (Disposal of treasury stock as stock-based compensation with restrictions on stock transfers) (Sale of treasury stock due to request to purchase fractional unit shares) |
15,084 82 |
29,504 160 |
| Number of treasury stock held |
|
- |
