Dividend and Share Buybacks

Basic Policy for Profit Distribution

CITIZEN will emphasize the stable and continuous payment of dividends as its shareholder return policy in the Medium-term Management Plan 2024, and aim for a dividend payout ratio of approximately 50%. We will make flexible decisions on the acquisition of treasury stock to reflect circumstances.

CITIZEN has a basic policy to pay dividends to shareholders twice a year (interim dividend and year-end dividend).

Payment of dividends and their value are determined at the general meeting of shareholders for the year-end dividend, and by the board of directors of the Company for the interim dividend.

For the ending March 2024, the Company plans to pay 40.0 yen as full year dividend.

The Articles of Incorporation stipulate that the Company may, upon resolution at the board meeting, pay the interim dividend to shareholders who are registered in the shareholder registry on September 30 each year.

Dividend and Share Buybacks

Record Date for Determining Qualified Shareholders

Interim Dividend: Paid to shareholders registered in the shareholder registry as of September 30 each year
Year-end Dividend: Paid to shareholders registered in the shareholder registry as of March 31 each year

Payment Timing

Year-end dividend on June 29, 2023: 19.0 yen per share
Interim dividend on December 5, 2023: 20.0 yen per share

In accordance with provisions in the Articles of Incorporation, the Company is released from obligation to pay any dividend if a shareholder fails to receive such dividend within three (3) years from the payment date. Please make sure you designate an effective bank account for receiving your dividends.