Kamigumi : Notice Concerning the Payment of Dividends of Surplus (Mid-term Dividend, Dividend Increase) and Revisions to the Term-End Dividend Forecast
November 11, 2022 at 01:12 am EST
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Note: This document has been translated from the Japanese original for reference purposes only. In the event of any discrepancy between this translated document and the Japanese original, the original shall prevail.
November 11, 2022
Company name
Kamigumi Co., Ltd.
Representative
Yoshihiro Fukai, President &
Representative Director
(Stock code: 9364; Prime Market, Tokyo
Stock Exchange)
Inquiries
Takashi Iwashita, General Manager of
General Affairs Department
(Telephone: +81-78-271-5110)
Notice Concerning the Payment of Dividends of Surplus (Mid-term Dividend, Dividend
Increase) and Revisions to the Term-End Dividend Forecast
Kamigumi Co., Ltd. (the "Company") hereby gives notice that it has resolved at its meeting of the Board of Directors held on November 11, 2022 to pay dividends of surplus (mid-term dividend, dividend increase) with a date of record of September 30, 2022, and to revise term-end dividend forecast for the fiscal term ending March 31, 2023 (84th term) as follows.
1. Dividends of surplus (mid-term dividend, dividend increase)
Dividend forecast most
Dividend paid for the
Resolved amount
recently announced
previous fiscal term
(announced on
(fiscal term ended
May 13, 2022)
March 31, 2022)
Date of record
September 30, 2022
September 30, 2022
September 30, 2021
Dividend per share
¥40.00
¥39.00
¥27.00
Total dividends
¥4,422 million
-
¥3,136 million
Effective date
December 6, 2022
-
December 7, 2021
Source of dividends
Retained earnings
-
Retained earnings
- 1 -
2. Details of the revisions to the term-end dividend forecast
Dividends per share
Second quarter-end
Fiscal term-end
Full-year
Previous forecast
-
¥39.00
¥79.00
Revised forecast
-
¥43.00
¥83.00
Dividend payment for the
¥40.00
-
-
current fiscal term
Dividend paid for the previous
fiscal term
¥27.00
¥46.00
¥73.00
(fiscal term ended March 31, 2022)
3. Reason for the change
To achieve sustained growth in corporate value while considering an optimal capital structure, the Company will implement the basic policy of continuing to implement stable returns to shareholders, while securing the internal reserves needed for growth investments to expand earnings and for strengthening corporate foundations.
Under the current medium-term management plan, to further enhance returns to shareholders while improving capital efficiency, the Company targets returns of profit with a consolidated payout ratio of 40 percent and a total payout ratio of 90 percent. Based on the financial results described in the Summary of Consolidated Financial Results for the Six Months Ended September 30, 2022 (released today), the Company has determined to increase dividends of surplus (mid-term dividend) with a record date of September 30, 2022 to ¥40 per share (vs. the most recently announced dividend forecast of ¥39 per share).
Full-year consolidated financial results for the year ending March 31, 2023 are expected to exceed initial forecasts. Thus, we have also revised the dividend forecast for the end of the term ending March 31, 2023 to ¥43 per share.
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Kamigumi Co. Ltd. published this content on 11 November 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 November 2022 06:11:04 UTC.
Kamigumi Co., Ltd. is mainly engaged in the logistics service business. The Company operates in two business divisions. The Domestic Logistics segment is engaged in the harbor transportation business, the warehouse business, the freight automobile transportation and other domestic transportation-related business. The Overseas Logistic segment is engaged in the international transportation business. The Company is also involved in the heavy construction machinery work business, the real estate leasing business, the sale and leasing of goods, the finance business, as well as the development, sale and maintenance of software, among others.
Kamigumi : Notice Concerning the Payment of Dividends of Surplus (Mid-term Dividend, Dividend Increase) and Revisions to the Term-End Dividend Forecast