Toyo Seikan Group Holdings, Ltd. Provides Dividend Guidance for the Fiscal Years 2022, 2023, 2024 and 2025
June 13, 2021
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On May 14, 2021, Toyo Seikan Group Holdings, Ltd. announced "Mid-Term Management Plan 2025"(the "New Mid-Term Management Plan") with an awareness that returning profits to shareholders is one of the most important management issues. The New Mid-Term Management Plan sets out a policy that, during the period from Fiscal Year 2021 to Fiscal Year 2025, the target total return payout ratio will be 80%, the target consolidated dividend payout ratio will be at least 50%, the dividend amount will be JPY 46 per share at minimum and that will be increased, and the Company will implement share repurchase in an agile manner (in principle, extraordinary profits or losses arising from the disposal of assets will not be taken into account when calculating the total return payout ratio and the consolidated dividend payout ratio).
Toyo Seikan Group Holdings, Ltd. is a Japan-based packaging container manufacturer. The Company operates in four business segments. The Packing Container Related segment is engaged in the manufacture and sale of cans for canning and other metal products, plastic, glass and paper products, as well as the contract manufacture and sale of aerosol products and general goods filing. The Steel Plate Related segment is engaged in the manufacture and sale of steel and processed steel plates. The Functional Material segment offers disk substrates, optical function films, glazes and gel coat. The Real Estate segment is engaged in the leasing of buildings and commercial facilities. The Others segment is engaged in the manufacture and sale of hard alloy, machineries and tools, agricultural materials, the sale of petroleum products, as well as the insurance agency business.