Shareholder Return
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Shareholder Return Policy
MHI Group's basic shareholder return policy is to provide returns mainly through dividends, considering the balance between business growth and financial stability.
As a way of providing a progressive dividend in line with profit growth while achieving highly predictable and stable payments, we target a DOE (Dividend on Equity ratio: Dividends paid ÷ Shareholder equity excluding OCI(Note)) of 4% or higher.
Through this policy, we aim to steadily increase dividends over the medium to long term.
- OCI: Other Comprehensive Income (includes foreign currency translation adjustments and other valuation adjustments)
For details, please refer to our 2024 Medium-Term Business Plan (P34).
Annual Dividend per Share
| FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | |
|---|---|---|---|---|---|
| Interim Dividend (yen) | 4.5 | 6.0 | 8.0 | 11.0 | 12.0 (Plan) |
| Year-End Dividend (yen) | 5.5 | 7.0 | 12.0 | 12.0 | 12.0 (Plan) |
| Total Dividend (yen) | 10.0 | 13.0 | 20.0 | 23.0 | 24.0 (Plan) |
- On April 1, 2024, MHI executed a ten-for-one stock split of its common shares. To facilitate comparison, dividends through FY2023 are shown here retroactively adjusted to reflect the stock split.
Dividends Calendar
| FY2025 Interim Dividend | FY2025 Year-End Dividend | |
|---|---|---|
| Record Date | September 30, 2025 | March 31, 2026 |
| Payment date | December 5, 2025 | Late June 2026 |