Note: This document has been translated from 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.
May 13, 2025
Company name: | The Yamanashi Chuo Bank, Ltd. |
Representative: | Yoshiaki Furuya, President |
(Securities code 8360; Prime Market of the Tokyo Stock Exchange) | |
Contact: | Shigeki Yonaga Executive Officer and General Manager of Corporate Planning Division |
(Phone: +81-(0)55-233-2111) |
The Yamanashi Chuo Bank, Ltd. (the "Bank") hereby announces that the Bank has resolved at the Board of Directors meeting held on May 13, 2025 to pay dividends from surplus with the record date of March 31, 2025 and to change the shareholder return policy, as described below.
Dividends of surplus
Details of dividends
Dividends determined
Most recent dividend forecast
(Announced on May 14,
2024)
Dividend for the previous fiscal year (Fiscal year ended March 31, 2024)
Record date
March 31, 2025
March 31, 2025
March 31, 2024
Dividend per share
44 yen
32 yen
31 yen
Total amount of
dividend
1,373 million yen
-
966 million yen
Effective date
June 26, 2025
-
June 26, 2024
Source of dividends
Retained earnings
-
Retained earnings
Reason of revision
The Bank had planned to pay a year-end dividend of 32 yen per share for the fiscal year ended March 31, 2025, but in light of its performance in such fiscal year as well as its shareholder return policy (of a target payout ratio of 30% of profit attributable to shareholders of the parent), the Bank has decided to increase this by 12 yen to pay 44 yen per share.
As a result, the annual dividend for the fiscal year ended March 31, 2025 will be 76 yen per share, with the interim dividend of 32 yen per share.
The Bank plans to submit a proposal to its 122nd Annual General Meeting of Shareholders scheduled to be held on June 25, 2025, regarding this payment of dividends from surplus.
Reference: Breakdown of annual dividends
Dividend per share
Record date
Second quarter-end
Fiscal year-end
Total
Actual results for the fiscal year
ended March 31, 2025
32 yen
44 yen (scheduled)
76 yen (scheduled)
Dividend for the previous fiscal year (Fiscal year ended March 31,
2024)
25 yen
31 yen
56 yen
Change in shareholder return policy
Reasons of change
As part of the Bank Group's capital and financial strategies to enhance its corporate value, the Bank has decided to change its shareholder return policy in order to further enhance shareholder returns while maintaining a balance between maintaining soundness, revenue, and growth investment.
Details of change
Before change
The Bank's basic policy is to undertake stable dividends on a continuous basis while striving to enhance appropriate internal reserves to maintain sound management, considering the public nature of the banking business. Specifically, a payout ratio of 30% of profit attributable to shareholders of the parent c
is targeted, while acquisitions of own shares will be implemented in a flexible and agile manner.
After change
The Bank's basic policy is to undertake stable dividends on a continuous basis while striving to enhance appropriate internal reserves to maintain sound management, considering the public nature of the banking business, and a payout ratio of 40% of profit attributable to shareholders of the parent is
targeted. In addition, acquisitions of own shares will be implemented in a flexible and agile manner.
Time of application
This change will be applied from the fiscal year ending March 31, 2026.