Basic Dividend Policy on Appropriation of Profits

 Our important task is to maximize returns to our shareholders while maintaining necessary internal reserves to fund our capital investment and strengthen our financial position for the sake of sustainable growth, which is a priority of our management plan.

 

 However, the slow down in the global economic outlook could lead to the deterioration in the transportation demand and the business environment remains critical toward achieving the consolidated full-year business forecasts, although the consolidated financial results in the 1st half of the current fiscal year were better than expected.

 

 The Company will make a concerted effort to further improve its financial results, but it is with sincere regret that the Company announces it has decided to pay no interim dividend.The year-end dividend remains yet to be determined. We will update you again in due course once further judgment has been made as to dividend payment forecast after comprehensively taking into consideration the full-year forecasts and the Company’s financial conditions.

 

 Our sincerest apologies to shareholders but we would greatly appreciate for your understanding.

 

 All of “K” LINE Group members are vigilantly dedicated to the accomplishment of our goals with one voice, and we appreciate your continued support and encouragement.

As of October 31, 2019

【Cash dividends and Dividend Policy】

2015/03 2016/03 2017/03 2018/03 2019/03 2020/03
(Expected)
Dividend Per Share(Yen) 1Q ------
2Q 2.502.500.000.000.00-
3Q ------
FY-End 6.002.500.000.000.00-
Total 8.505.000.000.000.00-
Amount of Dividends(Millions of Yen) 7,9694,687----
Payout Ratio(%) 29.7-----
Ratio of Total Amount of Dividends to Net Assets(%) 1.91.2----