Shinwa Co., Ltd. provided dividend guidance for the second quarter-end and full fiscal year ending August 31, 2023. For the quarter end, the company expects to pay dividend of JPY 36.00 per share against JPY 37.00 per share paid a year ago.

For the year ending, the company expects to pay dividend of JPY 36.00 per share against JPY 48.00 per share paid a year ago.