Tokio Marine : Notice Regarding Distribution of Surplus and Revision of Dividend Forecast (141KB)PDF
November 19, 2021 at 05:13 am
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November 19, 2021
Tokio Marine Holdings, Inc.
President: Satoru Komiya
TSE code number: 8766
Notice Regarding Distribution of Surplus and Revision of Dividend Forecast
Tokio Marine Holdings, Inc. (the "Company") announced that its board of directors on November 19, 2021 adopted the following resolution regarding the distribution of surplus (interim dividend) with a record date of September 30, 2021 and the revision of the dividends forecast for the fiscal year ending March 31, 2022.
1. Reasons
The Company regards distribution of surplus as the basis of shareholder return, and its policy is to sustainably increase ordinary dividends depending on profit growth. In accordance with this policy, and taking into consideration the profit forecast for the current fiscal year and the outlook for its future performance, the Company decided to raise the annual dividend to 245 yen per share, which is an upward revision of 30 yen per share, from the previous forecast of 215 yen per share. This represents an increase of 45 yen per share from the ordinary dividend for the previous fiscal year.
The interim dividend is 120 yen per share, and the year-end dividend will be 125 yen per share.
2. Details of interim dividends
Resolved amount
Previous forecast (*)
Record date
September 30, 2021
September 30, 2021
Dividend per share
120 yen
107.5 yen
Total pay out
82,334 million yen
-
Effective date
December 13, 2021
-
Source of dividends
Retained earnings
-
(*) Forecast announced on August 6, 2021
3. Revision of dividends forecast
Dividend per share
End of 2nd quarter
Year-end
Total amount
Previous forecast (*)
107.5 yen
107.5 yen
215 yen
Forecast as revised
-
125 yen
245 yen
Current year dividend
120 yen
-
-
(*) Forecast announced on August 6, 2021
Previous year dividends
Interim dividend
One-time dividend (*)
Ordinary dividend
Record date
September 30, 2020
September 30, 2020
September 30, 2020
Dividend per share
135 yen
35 yen
100 yen
Total payout
94,237 million yen
24,432 million yen
69,805 million yen
Effective date
December 11, 2020
December 11, 2020
December 11, 2020
Source of dividends
Retained earnings
Retained earnings
Retained earnings
Year-end Dividend
(only ordinary dividend)
Record date
March 31, 2021
Dividend per share
100 yen
Total payout
69,327 million yen
Effective date
June 29, 2021
Source of dividends
Retained earnings
Full year dividend
One-time dividend (*)
Ordinary dividend
-
-
-
235 yen
35 yen
200 yen
163,565 million yen
24,432 million yen
139,133 million yen
-
-
-
-
-
-
(*) Dividends paid for the capital level adjustment
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Disclaimer
Tokio Marine Holdings Inc. published this content on 19 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 19 November 2021 05:12:02 UTC.
Tokio Marine Holdings, Inc. is a holding company organized around 3 areas of activity:
- non life insurance (50.3% of net sales);
- life insurance (14.2%);
- other (1.2%): primarily financial services.
The remaining sales (34.3%) concerns the international insurance activities.