Press Release
February 6, 2025
DAITRON CO., LTD.
Representative: Shinsuke Tsuchiya, President, CEO & COO Code No.: 7609, TSE Prime Market
Contact: Hajimu Mouri, Senior Managing Director & Representative Director, Senior Managing Corporate Officer & Division Manager-Business Administration
Telephone: +81-6-6399-5041
Announcement of Revisions to Dividends Policy and Payment of Dividends
of Surplus (Increase in Dividends)
Daitron Co., Ltd. is pleased to announce that its board of directors resolved on February 6, 2025 to revise dividends policy as follows. In addition, based on revisions of dividend policy and business results for the fiscal year ended December 2024, we resolved to pay dividends (year-end dividends) of surplus with a record date of December 31, 2024 as follows, and refer it to the 73nd annual general shareholders meeting on March 28, 2025.
1．Revisions to Dividends PolicyRegarding dividends, our basic policy is to provide continuous, stable dividends, and we aim for a dividend payout ratio of 30%of consolidated business performance, taking into consideration each fiscal year's performance, financial situation, future business strategies, and other factors.
Regarding dividends, our basic policy is to provide continuous, stable dividends, and we aim for a dividend payout ratio of 40%of consolidated business performance, taking into consideration each fiscal year's performance, financial situation, future business strategies, and other factors.
We regard the return of profits to shareholders as one of our most important management issue, and the "11th Medium-Term Business Plan" currently underway calls for further enhancement of shareholders return. Based on this, we have decided to make this change in consideration of our recent financial situation.
2．Dividends of surplus | (year-end dividends) | ||||
Determined amount | Most recently | Result in previous period | |||
forecasted dividend | |||||
(2024 year-end) | (2023 year-end) | ||||
(announced August 1, 2024) | |||||
Record date | December 31, 2024 | Same as on the left | December 31, 2023 | ||
Dividend per share | 100.00 yen | 70.00 yen | 70.00 yen | ||
Total amount of dividend | 1,110 mil. yen | － | 777 mil. yen | ||
Effective date | March 31, 2025 | － | March 29, 2024 | ||
Dividend resource | Retained earnings | － | Retained earnings | ||
Since an interim dividend of 55 yen per share has been already paid, the annual dividend will be 155 yen per share.
This document is an English translation of a statement written initially in Japanese. The Japanese original should be considered the primary version.
We consider the return of profits to shareholders to be the most important management task, and our basic policy is to implement profit distribution that takes into account business performance, while consideration of strengthening the financial structure and internal reserves.
Based on the above revisions policy and FY 2024 performance, we decided to increase the year-end dividend by 30 yen per share and pay 100 yen from the previous forecasted amount of 70 yen.
(Reference) The annual dividend will be as follows:
Dividend per share | |||
Record date | 2Q end | Year-end | Total |
Result in current period | 55.00 yen | 100.00 yen | 155.00 yen |
(FY 2024) | |||
Result in previous period | 50.00 yen | 70.00 yen | 120.00 yen |
(FY 2023) | |||
This document is an English translation of a statement written initially in Japanese. The Japanese original should be considered the primary version.