News Release: OKADA AIYON CORPORATION | (6294 TSE Prime) |
May 10, 2024
Notice of Dividend from Retained Earnings (Dividend Increase)
OKADA AIYON CORPORATION announces that, at the meeting of the Board of Directors held on May 10, 2024, the Company resolved to pay dividends from retained earnings with a record date of March 31, 2024, as described below.
This matter is scheduled to be submitted to the 65th Ordinary General Meeting of Shareholders to be held on June 19, 2024.
1. Contents of dividends
Most recent | Results for the | ||
dividend forecast | |||
Determined amount | previous fiscal year | ||
(Announced on | |||
(FY3/23) | |||
February 9, 2024) | |||
Record date | March 31, 2024 | Same as left | March 31, 2023 |
Dividend per share | 70.00 yen | 65.00 yen | 38.00 yen |
Total dividend amount | 562 million yen | - | 304 million yen |
Effective date | June 20, 2024 | - | June 26, 2023 |
Dividend resource | Retained earnings | - | Retained earnings |
2. Reason
The Company's dividend policy is to return profits to shareholders while enhancing shareholders' equity through sustained improvement in profitability and preparing for investment in growth. Specifically, our basic policy is to maintain and improve the level of dividends based on stable growth, aiming for a payout ratio of 30%, and to continue to increase dividends in a progressive manner. In addition, the Company will increase the dividend by 5 yen per share from the annual dividend of 65.00 yen to 70.00 yen.
(Reference) Breakdown of annual dividend
Dividend per share (Yen) | |||
Record Date | End-Q2 | Year-end | Total |
Results for the fiscal year | - | 70.00 yen | 70.00 yen |
under review | |||
Results for the previous | - | 38.00 yen | 38.00 yen |
fiscal year | |||