Shareholder Return Policy

Dividend Policy

The TOTO Group’s basic policy is to proactively allocate cash to strategic investments aimed at,
TOTO Group considers the return of profits to shareholders as one of the important management issues, and make it our basic policy to proactively allocate cash to future investments for the sustainable business growth and to keep stable dividends.

Regarding the dividend payout ratio, we aim for at least 40% of the net income attributable to shareholders of the parent company. The amount of dividends will either be maintained or increased, ensuring stable profit returns to our shareholders. We plan to continue with dividends twice a year, at the interim and year-end.

Furthermore, we will flexibly implement share buybacks with comprehensive consideration of those capital costs, stock price levels, and cash reserves.

History of Dividend

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TOTO conducted a share consolidation in which every two common shares was consolidated in to one share with October 1, 2015, as the effective date.