Sumitomo Metal Mining’s approach
The Sumitomo Metal Mining Group recognizes appropriate distribution of profits to shareholders as one of its most important management issues.
On February 9, 2026, the Company decided to change its basic policy of financial strategy and shareholder return policy with the aim of further optimizing and enhancing capital efficiency, and implementing more appropriate shareholder returns.
Accordingly, the new shareholder return policy set forth below will apply for FY2025 (the fiscal year ending March 31, 2026).
- In principle, dividends from surplus shall be paid out with a consolidated payout ratio to be 35% or more, and while the consolidated equity ratio exceeds the Company-defined appropriate level of 55%, the minimum indicator is set at a DOE of 3.5% *.
* DOE = Annual total dividends / Shareholders’ equity (The Company will use the finalized shareholders’ equity figure as of the end of the previous fiscal year when performing calculations, and it will exclude other components of equity from consolidated net assets attributable to owners of parent.) - Shareholder returns will consist primarily of dividends from surplus. The Company will flexibly implement measures, including repurchase of own shares, based on its business results and financial status after comprehensively considering investment opportunities and equity standards.
For details, please refer to “Notice regarding Changes to the Basic Policy of Financial Strategy and Shareholder Return Policy, and Revisions Made to Dividend Forecast.”
Dividends
As of June 25, 2026
| Interim Dividend Per Share | Year-end Dividend Per Share | Annual Dividend Per Share | |
|---|---|---|---|
| Period ending March 2027 (FY2026) | (Forecast) 103 yen | (forecast) 104 yen | (forecast) 207 yen |
*Note: The above dividend forecast is based on current data available as of the time of this release. There for actual dividends may differ from this statement for various factors.
Dividend Fluctuations
| Interim Dividend Per Share | Periodic Dividend Per Share | Annual Dividend Per Share | |
|---|---|---|---|
| Period ending March 2026 (FY2025) | 65yen | 163yen | 228yen |
| Period ending March 2025 (FY2024) | 49yen | 55yen | 104yen |
| Period ending March 2024 (FY2023) | 35yen | 63yen | 98yen |
| Period ending March 2023 (FY2022) | 90yen | 115yen | 205yen |
| Period ending March 2022 (FY2021) | 113yen | 188yen | 301yen |
| Period ending March 2021 (FY2020) | 22yen | 99yen | 121yen |
- SMM carried out the consolidation of shares at the ratio of 2 shares to 1 share on October 1, 2017. As the second quarter-end dividend for the fiscal year ending March 31, 2018 was paid based on the number of shares prior to the consolidation of shares, the second quarter-end dividend per share is shown in the amount prior to the consolidation of shares. The year-end dividend per share for the fiscal year ending March 31, 2018 is shown in the amount based on the consolidation of shares and the full-year dividend is shown as “dash” in the table above, as it would cause misunderstanding in summing up the amounts. The full-year dividend per share calculated on a post-consolidation of share basis is ¥100 for the year ended March 31, 2018.