The S-Pool group is dedicated to increasing our corporate value and actively improving return to shareholders. Having changed our basic policy for the dividend payment since business year ending November 2020, We are targeting a consolidated dividend payout ratio of 20% and dedicated to stable and continuous enhancement,placing the highest priority on business investment for future growth.

Dividends

	Interim dividend per share (yen)	Term-end dividend per share (yen)	Annual dividend per share (yen)
Business year ended November 2024 (forecasted)	-	10.00	10.00
Business year ended November 2023	-	10.00	10.00
Business year ended November 2022	-	8.00	8.00
Business year ended November 2021	-	6.00	6.00
Business year ended November 2020	-	3.30	3.30
Business year ended November 2019	-	2.00*	2.00*
Business year ended November 2018	-	1.00	1.00
Business year ended November 2017	-	0.72	0.72
Business year ended November 2016	-	0.40	0.40
Business year ended November 2015	-	0.40	0.40
Business year ended November 2014	-	0.40	0.40

* 0.6 yen of our 20th Anniversary Commemorative Dividend is included.

The above figures are for reference purposes for economy analysts only and introduction of institutes and offices. We neither endorse the purchase of specific stocks and shares, nor do we actively support any of the listed analysts.

Shareholder Incentives

There is no incentive program for shareholders as of now.
*On October 1, 2019, we conducted a stock split from which one common share was converted to five. As a result, the dividend amount up to November 2018 has been retrospectively revised.

Related pages

• Stock Information
• General Meeting of Shareholders
• Company Report