The following is an English version of the official Japanese announcement, which has been given to the Tokyo Stock Exchange and the media in Tokyo, Japan.
January 31, 2022
For Immediate Release
SPARX Group Co., Ltd.
President and Group CEO Shuhei Abe
(Code: 8739, TSE First Section)
Notice Regarding Revision to an Expected Dividend
for Fiscal Year Ending on March 31, 2022
Ordinary dividend per share scheduled to be 12.00 yen which is 1.00 yen increase
TOKYO (January 31, 2022) - SPARX Group Co., Ltd. ("SPARX") hereby notify you that the Board of Directors has resolved at its meeting held on January 31, 2022 to revise a year-end expected dividend per share for the fiscal year ending on March 31, 2022.
- Reasons for the revision to an expected dividend
SPARX has positioned return of profits to the shareholders to be one of the most important tasks of our business management, enhancing continued growth and mid- to long-term increase of corporate value. We decide shareholder return by comprehensively examining the business performance, financial condition and return ratio, as well as the timing and method, among others, while considering stability and continuity of our company from a mid- to long-term perspective.
As for the dividend for the year ending March 2022, we maintained the dividend forecast to be yet determined; however, after a comprehensive review at this time of the financial condition and future business performance, SPARX has decided that a year-end expected ordinary dividend to be 12.00 yen per share for the year, which represents an increase of 1.00 yen from the previous fiscal year's ordinary dividend of 11.00 yen per share, considering the financial condition remains stable, steadily increase in the Base Earnings(*), and so on.
We will continue to carry out our business objective to steadily increase base earnings in the future. We will strive to achieve sustainable growth and increase corporate value over the mid-to-long term by steadily increasing shareholder's return based on the constant growth of base earnings.
This matter shall be officially determined and the dividends will be paid out subject to the approval of the resolution of the 33rd general shareholders' meeting that is scheduled to be held in June 2022.
- Reference for the revision to an expected dividend
Annual dividend amount | ||||||
Q1-end | Q2-end | Q3-end | Year-end | Total | ||
Previously expected | ||||||
dividend (announced | Undetermined | Undetermined | ||||
on October 29, 2021) | ||||||
Revised expected | ¥12.00 | ¥12.00 | ||||
dividend by this notice | ||||||
Actual dividend for | ||||||
fiscal year ending on | - | ¥0.00 | - | |||
March 31, 2022 | ||||||
Actual dividend for | ||||||
fiscal year ended on | - | ¥0.00 | - | ¥11.00 | ¥11.00 | |
March 31, 2021 |
(Note) The expected dividend amount shown above is an estimated figure as of today and subject to change due to various factors arising in the future.
The following is an English version of the official Japanese announcement, which has been given to the Tokyo Stock Exchange and the media in Tokyo, Japan.
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SPARX identifies "Base Earnings" as the most important financial indicator. The term "Base Earnings" indicates the sustained and stable fundamental profitability of the company.
Base Earnings = Management Fee(After the deduction of commission paid)-Ordinary Expenses
The Ordinary Expenses is calculated by deducting the sum of (1) Commissions paid, (2) Bonuses (including allowance for bonuses, mandatory welfare expenses related to bonuses, and ESOP expenses) and (3) Severances package for key members, from the total operating and general administrative expenses.
The operating profit for financial accounting purposes includes one-off/ additional performance fees, which can be affected by trends of the equity market and progress of real assets investment business. For this reason, we regard the Base Earnings, which indicates the sustained and stable fundamental profitability, as one of the most important financial indicators.
No further entry
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Contact Information
SPARX Group Co., Ltd., Finance & Management Control Dept. TEL : 81-3-6711-9100 / FAX : 81-3-6711-9101