Basic Dividend Policy on Appropriation of Profits

 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 ended March 31, 2024, the Company has implemented an interim dividend of 100 yen per share. Also, in line with the dividend forecast announced on February 2, 2024, the Company is planning the year-end dividend at 150 yen per share and an annual dividend of 250 yen per share. 

 Above will be implemented subject to the resolution at the Ordinary General Meeting of Shareholders scheduled in June 2024.

 Regarding the dividend for the fiscal year ending March 31, 2025, in accordance with the annual dividend of 83.33 yen per share (basic dividend of 40 yen per share and additional dividend of 43.33 yen per share) announced on February 2, 2024, we plan to add an extra dividend of 1.67 yen per share, planning for an annual dividend of 85 yen per share.

 Regarding the dividend for the fiscal year ending March 31, 2026, and March 31, 2027, taking into account the comprehensive consideration of performance prospects and other factors, in accordance with the annual dividend of 40 yen per share announced on May 8, 2023, the Company plans to add an additional dividend of 45 yen per share to the basic dividend of 40 yen per share announced on May 8, 2023, planning for an annual dividend of 85 yen per share.

 (Note)

 As stated in the "Notice regarding Stock Split and Partial Amendment to the Articles of Incorporation" announced February 2, 2024, a stock split has been conducted at a ratio of 3 shares for every 1 share of common stock, effective from April 1, 2024. Forecast of annual dividend for the fiscal year ending March 31, 2025, ending March 31, 2026, and ending March 31, 2027, are stated based on the post-split basis. At the meeting of the Board of Directors held on May 7, 2024, the company resolved to repurchase its stock in accordance with Article 156 of the Companies Act of Japan, as applied pursuant to paragraph 3 of Article 165 of the Companies Act of Japan. Please refer to the IR News on May 7, 2024 for details.

 

 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.

Dividend Information

As of May 7, 2024

2020/03 2021/03 2022/03 2023/03 2024/03 2025/03
(Expected)
Dividend Per Share(yen) 1Q ------
2Q 0.000.000.00300.00100.0042.50
3Q ------
FY-End 0.000.00600.00300.00150.0042.50
Total 0.000.00600.00-250.0085.00
Amount of Dividends(million yen) ---102,98159,529-
Payout Ratio(%) ---15.657.450.1
Ratio of Total Amount of Dividends to Net Assets(%) ---8.63.9-

1. The Company implemented a 3-for-1 stock split of common shares on October 1, 2022. The interim dividend per share for the fiscal year ended March 2023 represents the actual amount of dividend before the stock split. The full-year dividend for the fiscal year ended March 2023 per share is not presented as simple comparisons are not possible due to the implementation of the stock split, however, the full-year dividend per share based on the shares following the stock split is 400.00 yen.

2. The Company implemented a 3-for-1 stock split of common shares on April 1, 2024. The dividends per share for the fiscal year ended March 2024 and 2023 represent the actual amount of dividend before the stock split.

3. The dividends per share for the fiscal year ending March 2025 (Forecast) has been calculated taking into consideration the impacts from the stock split of common shares on April 1, 2024.

 

Share Buybacks

Buyback period    

Repurchase method

Total number of
shares repurchased

Total amount 

Release

From May 8, 2024
through July 31, 2024

Purchase on the Tokyo Stock Exchange through
off-auction own share repurchase trading (ToSTNeT-3)
and Auction market on Tokyo Stock Exchange

Up to 39,556,000 shares

100.0 billion yen

Notification of Stock Repurchase and Share Buyback through Off-Auction Own Share Repurchase Trading (ToSTNeT-3)

From August 3, 2023
through October 18, 2023

Purchase on the Tokyo Stock Exchange through
off-auction own share repurchase trading
(ToSTNeT-3)

11,676,000 shares

56.2 billion yen

Notice Regarding the Status and Completion of Own Share Repurchase

From November 8, 2022
through March 24, 2023

Purchase on the Tokyo Stock Exchange through
off-auction own share repurchase trading (ToSTNeT-3)
and Auction market on Tokyo Stock Exchange

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.

2. For the latest status of own share repurchases, please refer to the notice.