Shareholder Return Policy

Use steadily generated cash flow effectively as shown below from an EVA and ROIC standpoint as shown below toward further development.

  • Investment for future development (capital expenditures, M&A, etc.)
  • Steady and continuous cash dividends
  • Share repurchases

Kao places priority on providing shareholders with stable, continuous cash dividends.

FY2022: 33rd consecutive increase in dividends

Kao has raised annual dividends to 148 yen per share for the fiscal year ended December 31, 2022, the 33rd consecutive increase in cash dividends.

  • * Impacts of share splits are retroactively reflected.

Total cost of share repurchases: 693.8 billion yen

Aggregated to December 31, 2022, Kao Corporation repurchased 195.9 million shares at a cost of 693.8 billion yen.

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