Notice Concerning Dividends of Surplus
March 14, 2024
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Artner Co., Ltd. (“the Company”) hereby notifies that on March 14, 2024, the Board of Directors resolved to distribute dividends of surplus with a record date of January 31, 2024, as follows:
We plan to submit this matter at the Ordinary General Meeting of Shareholders scheduled to be held on April 25, 2024.
1. Details of dividends
| Decided amount | Latest dividend forecast (announced on December 8, 2023) |
Previous result (fiscal year ended January 31, 2023) |
|
|---|---|---|---|
| Record date | January 31, 2024 | Same as left | January 31, 2023 |
| Dividend per share | ¥37.50 | Same as left | ¥40.00 (Ordinary dividend: ¥23.00) (Commemorative dividend: ¥17.00) |
| Total amount of dividends | ¥398 million | – | ¥425 million |
| Effective date | April 26, 2024 | – | April 28, 2023 |
| 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. Moreover, with our policy to maintain a 50% payout ratio, we have set as our basic approach to continue to grow our profit this year to distribute dividends that are at least at the same amount as the previous year and continue to increase.
Based on the above policy and after comprehensively considering our performance and other factors, the year-end dividend will be ¥37.50 per share. By doing so, we expect that annual dividends per share for the fiscal year ended January 31, 2024, will be ¥75 per share.
Reference: Breakdown of annual dividends
| Dividend per share | |||
|---|---|---|---|
| Record date | Second quarter-end | Fiscal year-end | Annual |
| Results (fiscal year ended January 31, 2024) | ¥37.50 | ¥37.50 | ¥75.00 |
| 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) |
