April 3, 2015
Daiwa Securities Group Inc. Representative: Takashi Hibino, President
Code No.8601 Listed Stock Exchanges: Tokyo, Nagoya
Notice regarding amendment of dividend payment policy
Attention
This document is an unofficial translation of a press release announced on April 3, 2015, by Daiwa
Securities Group Inc. The original press is in Japanese.
The Daiwa Securities Group Inc. (the "Company") has announced that the company has decided to amend its dividend payment policy as stated below. The new dividend payment policy will be taken effect from the fiscal year ending on March 31, 2016 (from interim dividend for FY2015, which will be paid in December, 2015)
1. Detail of amendment
＜Previous dividend payment policy＞
The Company aims to continuously raise shareholders' value including a profit-sharing.
The Company will basically pay dividends semiannually at a pay-out ratio of approximately 30% based on the consolidated financial performance. The Company will also consider increasing returns to its shareholders in various ways including share buybacks when it has sufficient accumulated capital to pursue further growth.
＜New dividend payment policy＞
The Company aims to continuously raise shareholders' value including a profit-sharing.
The Company will basically pay dividends semiannually at a pay-out ratio of approximately 4 0 % based on the consolidated financial performance. The Company will also consider increasing returns to its shareholders in various ways including share buybacks when it has sufficient accumulated capital to pursue further growth.
2. Reason for the amendment
In order to further enhance the returns to shareholders, the Company decided to raise its target dividend pay-out ratio to approximately 40% from approximately 30%.
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