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Announcement Regarding Cash Dividends from Retained Earnings

13 Feb. 2024
Asahi Group Holdings, Ltd.

(Tokyo, Japan - February 13, 2024) - Asahi Group Holdings, Ltd. (the “Company”) announced today that its Board of Directors has resolved to pay a year-end cash dividend of which the record date is December 31, 2023, in the way indicated below.

The payment of the dividend is subject to the resolution at Annual General Meeting of Shareholders of the Company to be held on March 26, 2024.

1. Details of dividend

  Resolved Immediate forecast
As of Feb.14, 2023
Previous year
(FY ended Dec. 31, 2022)
Record date December 31, 2023 December 31, 2023 December 31, 2022
Dividend per share JPY 65.0 JPY 59.0 JPY 58.0
Total amount of
dividends
JPY 32,942 million JPY 29,395 million
Payable date March 27, 2024 March 29, 2023
Source of dividends Retained earnings Retained earnings

2.Reason of the decision

The Company announced its forecast to pay a full-year dividend of JPY 115.0 per share (with an interim dividend JPY 1.0 and Year-end dividend JPY 1.0 higher than those in the previous fiscal year). This forecast was based on the dividend policy of aiming for a steady increase in dividends with a dividend payout ratio of 35% in the Medium- to Long-Term Management Policy, and the guidelines announced in February 2023 of aiming for a payout ratio of 40% by 2025.

Applying that policy to the actual consolidated financial position and results of FY 2023, the Company has decided to pay a year-end dividend of JPY 65.0 per share, JPY 7.0 higher than the previous year, making the full-year dividend of JPY 121.0 per share, JPY 8.0 higher than the previous year.

Breakdown of full-year dividend (for reference)
  Dividend per share
Fiscal year Interim dividend
(End of 2nd quarter)
Year-end dividend Full-year dividend(total)
2023 JPY 56.0(Actual) JPY 65.0 JPY 121.0
2022 JPY 55.0 JPY 58.0 JPY 113.0