TACHI-S CO., LTD. (the "Company") is pleased to announce that at the Board of Directors meeting held on May 15, 2023, the Company decided to pay dividends of surplus with a record date of March 31, 2023.
1. Content of the dividends
Amount
Most recent dividend forecast
(Announced November 11, 2022)
Record date
March 31, 2023
March 31, 2023
Dividend
36.80 yen
36.80 yen
per share
Total dividends
1,274 million yen
―
Effective date
May 31, 2023
―
Source of
Retained earnings
―
dividends
(Note) The total amount of dividends is rounded to the nearest millions of yen.
(Reference) Breakdown of annual dividends
Dividend per share
Record date
End of 2nd quarter
End of fiscal year
Dividends for
36.80 yen
36.80 yen
FY2022
Dividends for
FY2021
31.80 yen
31.80 yen
(ended March 31,
2022)
Record of the previous fiscal year
(Year ended March 31, 2022)
March 31, 2022
31.80 yen
1,101 million yen June 3, 2022
Retained earnings
Full-year
yen
yen
2. Reasons
The Company's basic policy on profit distribution is that it will aggressively return profits to shareholders with a
goal of reaching a dividend on equity ratio (DOE) of 4% by fiscal year 2024, having adopted DOE as its main financial indicator for dividends and comprehensively taking into account the maintenance of cash flow and a sound financial foundation for the medium to long term.
The Articles of Incorporation stipulate that the Company can distribute retained earnings on the basis of a resolution by the Board of Directors, and basically distributes dividends twice a year, once at the end of the first half of the fiscal year and again at the end of the fiscal year.
Year-end dividends for the fiscal year ended in March 2023 will be an ordinary dividend of 36.8 yen per share, as per a resolution by the Board of Directors made on this date. As a result, when including the interim dividend of 36.8 yen per share that has already been paid, annual dividends for this fiscal year will be 73.6 yen.
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Disclaimer
TACHI-S Co. Ltd. published this content on 15 May 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 May 2023 06:16:51 UTC.
TACHI-S CO., LTD. is a Japan-based company mainly engaged in the manufacturing and sales of automotive seats and related parts. The Company operates through six business segments. It is engaged in the manufacturing and sales of seats for vehicles, including passenger cars, trucks and buses. It is also engages in the manufacturing and sales of other parts, such as steering components and vehicle body mechanism components. It is also engaged in the rental of commerce facilities.
TACHI-S CO., LTD. 
