Notice Concerning Dividends of Surplus (Interim Dividends)
September 8, 2023
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Artner Co., Ltd. (“the Company”) hereby notifies that on September 8, 2023, the Board of Directors resolved to distribute dividends of surplus with a record date of July 31, 2023, as follows:
1. Details of dividends
| Decided amount | Latest dividend forecast (announced on March 14, 2023) |
Previous result (fiscal year ended January 31, 2023 – interim dividend) |
|
|---|---|---|---|
| Record date | July 31, 2023 | Same as left | July 31, 2022 |
| Dividend per share | ¥37.50 | ¥32.00 | ¥20.00 |
| Total amount of dividends | ¥398 million | – | ¥212 million |
| Effective date | October 6, 2023 | – | October 7, 2022 |
| Source of funds for dividends | Retained earnings | – | Retained earnings |
2. Reason
The Company comprehensively considers future business developments, earnings, the management environment, as well as the strengthening of its management foundations, and positions the supply of stable dividends to its shareholders as a top-priority management task. Accordingly, we have agreed to consider a payout ratio based on 50%.
In respect of interim dividends for the fiscal year ending January 31, 2024, based on the above policy and as a result of comprehensively considering our performance and other factors, we have decided to increase the price of the initial forecast by ¥5.50, making it ¥37.50 per share.
Reference: Breakdown of annual dividends
| Dividend per share | |||
|---|---|---|---|
| Record date | Second quarter-end | Fiscal year-end | Annual |
| Dividend forecast | ¥32.00 | ¥69.50 | |
| Result | ¥37.50 | ||
| Results in previous period (fiscal year ended January 31, 2023) | ¥20.00 | ¥40.00 (Ordinary dividend: ¥23.00) (Commemorative dividend: ¥17.00) |
¥60.00 (Ordinary dividend: ¥43.00) (Commemorative dividend: ¥17.00) |
