Our basic policy is to improve shareholder profits over the medium and long terms by proactively promoting shareholder returns, including share buyback. This is done by taking cash flow into consideration and ensuring the investment level and financial stability necessary to improve our corporate value while being conscious of optimal capital structure and cash allocation.
Based on this basic policy, regarding dividend for the fiscal year ending March 31, 2024, the Company plans payment of a year-end dividend of 150 yen per share which increased by 50 yen per share of prior forecast.
Additionally, for the fiscal year ending March 31, 2025, forecast of annual dividend will be increased from basic dividend of 120 yen per share announced previously to an additional dividend of 130 yen per share, resulting in 250 yen per share (pre-split basis).
A year-end dividend for the fiscal year ending March 31, 2024 will be implemented subject to the resolution at the Ordinary General Meeting of Shareholders scheduled in June, 2024.
(Note)
As stated in the "Notice regarding Stock Split and Partial Amendment to the Articles of Incorporation" announced on February 2, 2024, a stock split will be conducted at a ratio of 3 shares for every 1 share of common stock, effective from April 1, 2024. However, the revised forecast of annual dividend per share of 250 yen for the fiscal year ending March 31, 2025 is stated based on the pre-split basis.
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 February 2, 2024
| 2019/03 | 2020/03 | 2021/03 | 2022/03 | 2023/03 | 2024/03 （Expected） |
||
|---|---|---|---|---|---|---|---|
| Dividend Per Share(yen) | 1Q | - | - | - | - | - | - |
| 2Q | 0.00 | 0.00 | 0.00 | 0.00 | 300.00 | 100.00 | |
| 3Q | - | - | - | - | - | - | |
| FY-End | 0.00 | 0.00 | 0.00 | 600.00 | 300.00 | 150.00 | |
| Total | 0.00 | 0.00 | 0.00 | 600.00 | - | 250.00 | |
| Amount of Dividends(million yen) | - | - | - | - | - | - | |
| Payout Ratio(%) | - | - | - | - | - | - | |
| Ratio of Total Amount of Dividends to Net Assets(%) | - | - | - | - | - | - | |
1. The Company will implement a 3-for-1 stock split of common shares on October 1, 2022.
2. The interim dividend for the fiscal year ending March 2023 which has a dividend record date of September 30, 2022, will be paid based on the shares before the stock split.
3. The year-end dividend for the fiscal year ending March 2023 which has a dividend record date of March 31, 2023, will be paid based on the shares following the stock split.
4. Forecast for the full-year dividend per share is not presented as simple comparisons are not possible due to the implementation of the stock split, however, the forecast for the full-year dividend per share based on the pre-stock split is 1,200.00 yen.
|
Buyback period |
Repurchase method |
Total number of |
Total amount |
Release |
|---|
|
From August 3, 2023 |
ToSTNeT-3 and |
11,676,000 shares |
56.2 billion yen |
Notice Regarding the Status and Completion of Own Share Repurchase |
|
From November 8, 2022 |
ToSTNeT-3 and |
35,236,000 shares |
89.5 billion yen |
Notice Regarding the Status and Completion of Own Share Repurchase |
1. Total amount is rounded off to the nearest 100 million yen.
