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

For the full year, the company expects to pay year-end dividend of JPY 36.00 per share against JPY 48.00 per share for the same period a year ago.