Dividend Policy

Daio Paper (“the Company”) places top priority on the return of profit to shareholders and sets a basic policy to continue to pay stable dividends, while taking into consideration factors such as the status of business and the sufficiency of retained earnings. The Company’s basic policy is to pay dividends twice a year, an interim dividend and a year-end dividend. The decision-making bodies for the distribution of retained earnings are the General Meeting of Shareholders for the year-end dividend and the Board of Directors for the interim dividend. For the fiscal year ended March 31, 2023, we paid an annual dividend of ¥16.00 per share, which includes an interim dividend of ¥7.00, in line with the policy described above. Retained earnings are used effectively for upfront investments in growth areas, capital expenditures to enhance future corporate competitiveness, and the improvement of our financial position, to further strengthen our corporate foundation. In its articles of incorporation, the Company stipulates that “the Company may, by a resolution of the Board of Directors, pay interim dividends to the shareholders or registered share pledgees whose names appear or are recorded as such on the register of shareholders as at the closing thereof on the 30th day of September each year.”


Total Amount of Dividends (millions of yen)Cash Dividends per Share (yen)
Board of Directors’ Meeting held on November 11, 20221,1737.00
General Shareholders’ Meeting held on June 29, 20231,5089.00
Board of Directors’ Meeting held on November 10, 2023(For the fiscal year ended March 31, 2024)1,1737.00
(FY) 2019/3 2020/3 2021/3 2022/3 2023/3 2024/3
Interim 5.00 5.00 7.00 10.00 7.00 7.00
Fiscal year-end 5.50 8.50 10.00 12.00 9.00 9.00
Total 10.50 13.50 17.00 22.00 16.00 16.00
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