Basic Dividend Policy on Appropriation of Profits

 Our important management task is to maximize returns to our shareholders while maintaining necessary internal reserves to fund investment for sustainable growth and strengthen our financial position.

 

 Although the forecasts of full-year results are expected to be recovered into profit, we consider it an urgent management priority to improve our financial strength and stabilize our business foundation. The dividend policy remains yet to be determined as announced in the beginning of the current fiscal year. We will announce in due course when we have judged that we can forecast dividend payments after comprehensively taking into consideration the forecasts of full-year results 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 July 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----