May 13, 2021
Company name: MEGMILK SNOW BRAND Co., Ltd. Representative: Keiji Nishio, Representative Director and
President
(Stock code: 2270, TSE 1st Section/SSE)
Contact: Kentaro Watanabe General Manager
Public Relations & Investor Relations Department
(Phone: +81-3-3226-2124)
Notification of a Surplus Dividend
MEGMILK SNOW BRAND announces that we have resolved to pay a surplus dividend as follows with March 31, 2021 serving as the record date at a Board of Directors' meeting held today.
1. Dividend Details
Year-end Determined | Latest Dividend | Actual dividend in the | |
Previous Term | |||
Forecast (Announced | |||
Amount | (Fiscal Year Ended | ||
on February 9, 2021) | |||
March 31, 2020) | |||
Record date | March 31, 2021 | Same as on the left | March 31, 2020 |
Dividend per share | 40.00 yen | 40.00 yen | 40.00 yen |
Total Dividend | 2,707 million yen | 2,707 million yen | |
Effective date | June 3, 2021 | June 4, 2020 | |
Dividend resource | Retained earnings | Retained earnings |
2. Reasons
MEGMILK SNOW BRAND bases profit distribution on the aim of continuing to establish financial soundness through profit creation, to maintain our capital efficiency by re-investing in basic infrastructure to create cash and to enhance return of profit to shareholders. We strive to maintain a stable dividend comprehensively taking into account our consolidated results and financial condition with the aim of a consolidated dividend payout ratio of 20% through 30%.
We set a dividend of 40 yen per share as originally planned based on the above dividend policy for the fiscal year ended March 31, 2021. The start date for the payment of the surplus dividend will be June 3, 2021.
In addition, we plan to pay a dividend of 50 yen per share for the next fiscal year considering sales and profit forecast and financial outlook, based on the above dividend policy.
Note:
The information about the ratings should not be investment advice. Rating agencies may change the ratings without notice.
This document has been translated from a part of the Japanese original for reference purposes only. In the event of any discrepancy between this translated document and the Japanese original, the original shall prevail. The Company assumes no responsibility for this translation or for direct, indirect or any other forms of damages arising from the translation.