Daiichi Sankyo sets share buyback, dividend hike amid strong growth

Daiichi Sankyo (TSE:4568) is rewarding shareholders through a new share repurchase program and increased dividend payout, underpinned by strong FY2024 financial results and promising FY2025 forecasts. The company's Board of Directors authorized the repurchase of up to 80 million of its own shares, worth a maximum of JPY200 billion, between May 1, 2025, and March 24, 2026. Concurrent with this buyback authorization, Daiichi Sankyo’s Board also decided to cancel 13.97 million of its own shares effective May 30, 2025. This follows the completion of earlier buyback programs where Daiichi Sankyo acquired and cancelled 51.17 million shares for a total of JPY246.1 billion. Furthermore, the annual dividend forecast for fiscal 2024 is JPY60 per share. Due to strong financials and sales projections, the Board increased this further to JPY78 per share for fiscal 2025. Revenues are projected to reach JPY2 trillion, while oncology sales are forecasted to hit JPY900 billion.