Dividends

Basic policy on shareholder return

The basic policy of Shimizu is to declare dividends in line with business results, and we view strengthening the comapany's financial condition to provide a base for long-term growth and stable dividends as issues of importance to management.
The Mid-Term Management Plan <2019-2023> set a profit distribution policy to return profits earned through growth with a consolidated payout ratio target of 30%.

Dividends (Consolidated)

Dividends
FY Net income per share (JPY) Dividends per share (JPY) Dividend payout ratio (%)
2021 Forecast 76.03 23 30.3
2020 101.17 30 29.7
2019 128.31 38 29.6
2018 127.04 36 28.3
2017 108.31 26 24.0
2016 126.11 26 20.6