January 31, 2022 | |
Company name: | COMTURE CORPORATION |
Representative: | Koichi Mukai, Chairman |
Stock code: | 3844 |
Listing: | Tokyo Stock Exchange, First Section |
Contact: | Osamu Noma, Member of the board, |
Executive Vice President | |
Tel: +81-(0)3-5745-9700 |
Notice of Revision to Dividend Forecast (Dividend Increase)
The Board of Directors of COMTURE CORPORATION approved a resolution on January 31, 2022 to make the following revision to the dividend forecast for the fiscal year ending March 31, 2022 that was announced on July 30, 2021.
Revision to the Dividend Forecast (Dividend Increase)
(1) Revised forecast
Dividend per share | Payout ratio |
(consolidated) | |
1Q-end | 2Q-end | 3Q-end | Year-end | Total | ||
Yen | Yen | Yen | Yen | Yen | % | |
Previous forecast | 8.25 | 8.25 | 9.25 | 9.25 | 35.00 | 46.5 |
(July 30, 2021) | ||||||
Revised forecast | 11.25 | 37.00 | 49.1 | |||
(January 31, 2022) | ||||||
Current fiscal year | 8.25 | 8.25 | 9.25 | |||
(ending March 31, 2022) | ||||||
Previous fiscal year | 7.75 | 7.75 | 7.75 | 7.75 | 31.00 | 47.4 |
(ended March 31, 2021) | ||||||
(2) Reasons for revision
Distributing earnings to shareholders is one of the highest priorities of COMTURE. The basic policy is to pay a steady and consistent dividend that reflects the need to retain earnings for funds required for growth and building a stronger base for business operations.
Based on this policy, and taking into account the steady performance of our business, COMTURE has raised the year-end dividend forecast for the fiscal year ending March 31, 2022 from 9.25 yen to 11.25 yen in order to promote the return of profits to its shareholders. As a result, the fiscal year dividend forecast has been increased by 2 yen to 37 yen. Based on the earnings forecast, this will result in an expected dividend payout ratio of 49.1% compared with 46.5% in the previous dividend forecast.