Shinwa Co., Ltd. announced dividend of JPY 54.00 per share for the fiscal year ended August 31, 2023 compared to JPY 48.00 per share a year ago. The dividend is payable on November 17, 2023.

The company provided dividend guidance for the second quarter-end of fiscal year ending August 31, 2024. For the period, the company expects dividend to be JPY 50.00 per share compared to JPY 36.00 a year ago.