Returns to Shareholders and Dividend

Toshiba intends to maintain an average consolidated dividend payout ratio of at least 30% (*Note), and shareholders’ equity in excess of the appropriate level will be used to provide shareholder returns, including share repurchases. The appropriate level of capital shall be reviewed by the Board of Directors on a regular basis.
While maximizing shareholder’s value, Toshiba will immediately monetize its shares in KIOXIA Holdings Corporation to the extent that is practically possible, and will return the net proceeds in full to shareholders, within the limits stipulated by applicable laws and regulations.
Furthermore, Toshiba will continue to review the evaluation of the appropriate level of capital based on the change in business strategy and circumstance, and will also use appropriate leverage to continually improve capital allocations, in order to further enhance shareholder returns and the long term value of Toshiba.

(*Note) For the time being, equity method profit and loss for KIOXIA Holdings Corporation is excluded from Toshiba’s policy on shareholder returns.

Dividend

Dividend per share
Record Date Special
June 30
Interim
September 30
Year-end
March 31
Full year
Forecast for FY2022,
ending March 2023
160 yen 60 yen 70 yen 290 yen
Actual dividends for
FY2021, ended
March 2022
110 yen 40 yen 70 yen 220 yen

Stock Repurchase

Sep. 21, 2021
Sep. 10, 2021
Jun. 30, 2021
Jun. 30, 2021
Jun. 7, 2021
Nov. 8, 2019
Nov. 21, 2018
Nov. 21, 2018
Nov. 15, 2018
Nov. 13, 2018
Nov. 8, 2018

Hospitality Programs for Shareholders

We do not have hospitality programs for shareholders at this time.

This Web site contains projections of business results, statements regarding business plans and other forward-looking statements. This information is based on certain assumptions, such as the economic environment, business policies and other factors, as of the date when each document was posted. Actual results may differ significantly from the estimates listed here.