For current and potential shareholders

Shareholder Return

What is your shareholder return policy?

Target an average payout ratio of at least 40% over the medium term and continuous dividend growth. Seek improvement shareholder value through timely and flexible repurchases of Company stock.
We regard the maximization of shareholder value as one of the most important management tasks.

Sekisui House regards the maximization of shareholder value as one of the most important management tasks. We therefore strive to increase earnings per share and will also seek to make investment for growth and enhance shareholder returns, taking into comprehensive account the status of profits and cash flows in each fiscal year and future business development, among other factors. We have set itself a medium-term target payout ratio of at least 40% and will also flexibly acquire Company's stock in an effort to improve shareholder value.

2015 2016 2017 2018 2019 2020
(Plan)
EPS 120.16 yen 163.26 yen 193.06 yen 186.53 yen 205.79 yen 167.22 yen
Dividends per share
(Medium-term payout ratio
of at least 40%)
54 yen 64 yen 77 yen 79 yen 81 yen 82 yen

EPS Dividends per share
(Medium-term payout ratio of at least 40%)
2015 120.16 yen 54 yen
2016 163.26 yen 64 yen
2017 193.06 yen 77 yen
2018 186.53 yen 79 yen
2019 205.79 yen 81 yen
2020
(Plan)
202.52 yen 86 yen*

Trend in dividends per share

We have continued to increase dividends as a result of profit growth achieved through a more balanced earnings structure.