KYUSHU RAILWAY COMPANY (Translation)
May 12, 2021
To whom it may concern:
Company Name: Kyushu Railway Company Name of Representative: Toshihiko Aoyagi, President and CEO Securities Code: 9142 Tokyo Stock Exchange (First Section) and Fukuoka Stock Exchange
Inquiries: Public Relations Department TEL +81-92-474-2541
Notice Regarding Appropriation of Surplus
Kyushu Railway Company announces that, at a Board of Directors meeting held on May 12, 2021, it has resolved to issue dividends from surplus with a record date of March 31, 2021. The details are as follows.
This proposal is scheduled to be submitted for approval at the 34th Annual General Meeting of Shareholders to be held on June 23, 2021.
1. Details of Dividend Proposal
Proposal | Most recent forecast | Fiscal year ended | |
(Announced February | March 31, 2020 | ||
9, 2021) | |||
Record date | March 31, 2021 | March 31, 2021 | March 31, 2020 |
Dividends per share | ¥93.00 | ¥93.00 | ¥46.50 |
Total dividend amount | ¥14,629 million | － | ¥7,314 million |
Effective date | June 24, 2021 | － | June 24, 2020 |
Source of dividends | Retained earnings | － | Retained earnings |
2. Reason
The Company views the return of profits to shareholders as one of its most important management tasks. Accordingly, the Company believes it is important to provide stable shareholder returns over the long term. Over the period to the fiscal year ending March 31, 2022, the Company will aim for a consolidated dividend payout ratio of 35%, with a minimum dividend per share of ¥93.0.
The Company's results for the fiscal year ending March 31, 2021, were extremely severe. Nonetheless, in accordance with the above policy, the Company has decided to set the year-end dividend at ¥93.0 per share.
(Reference) Breakdown of Annual Dividend Payments
Dividends per share | |||
Record date | September 30 | March 31 | Full-year |
Fiscal year ended | ¥00.00 | ¥93.00 | ¥93.00 |
March 31, 2021 | |||
Fiscal year ended | ¥46.50 | ¥46.50 | ¥93.00 |
March 31, 2020 | |||
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Disclaimer
Kyushu Railway Company published this content on 12 May 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 May 2021 13:15:04 UTC.
