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Dividend Information

Dividend Policy

Under the Medium-Term Management Policy, the company will promote "Glocal Value Creation Management" based on the "Asahi Group Philosophy".The company will prioritize the use of free cash flow generated through our business operations to reduce the debt that has increased due to the acquisition of the CUB business in Australia, and to increase our capacity for investment in growth.
At the same time, our policy for shareholder returns is to aim for a stable increase in dividends, with a target payout ratio* of around 35%.

Dividend payout ratio is calculated after the deduction of one off special factors including business portfolio restructuring and foreign exchange impact.

Fixed Date of Dividend Payout and Starting Date of Payout

  Interim Dividend Year-end Dividend
Date of record June 30 December 31
Payment date Late August - Early September The following business day of the Annual General Meeting of Shareholders

Historical Data on Dividends per Share

(yen / %) < IFRS >
2017 2018 2019 2020 2021
Interim Dividend 30 45 52 53 54.0
Year-end Dividend 45 54 48 53 55.0(E)
Total Dividend 75 99 100 106 109.0(E)
Basic earnings per share 262.2 329.0 310.4 196.5 307.85(E)
Dividend payout ratio 28.6 30.1 32.2 53.9 35.4(E)