TACHI S : Notice Concerning Dividends of Surplus

Published May 15, 2023 at 6:16 a.m. UTC

Source: MarketScreener

	May 15, 2023
Listed Company Name	TACHI-S CO., LTD.
Name of Representative	Yuichiro Yamamoto, President & CEO & COO
	(Code 7239)
Contact	General Affairs Section, General
	Affairs Department
	(TEL: 0428-33-1911)

Notice Concerning Dividends of Surplus

TACHI-S CO., LTD. (the "Company") is pleased to announce that at the Board of Directors meeting held on May 15, 2023, the Company decided to pay dividends of surplus with a record date of March 31, 2023.

1. Content of the dividends

	Amount	Most recent dividend forecast
	(Announced November 11, 2022)

Record date	March 31, 2023	March 31, 2023

Dividend	36.80 yen	36.80 yen
per share

Total dividends	1,274 million yen	―

Effective date	May 31, 2023	―

Source of	Retained earnings	―
dividends

(Note) The total amount of dividends is rounded to the nearest millions of yen.

(Reference) Breakdown of annual dividends

		Dividend per share
Record date	End of 2nd quarter	End of fiscal year

Dividends for	36.80 yen	36.80 yen
FY2022

Dividends for
FY2021	31.80 yen	31.80 yen
(ended March 31,

2022)

Record of the previous fiscal year

(Year ended March 31, 2022)

March 31, 2022

31.80 yen

1,101 million yen June 3, 2022

Retained earnings

Full-year

2. Reasons

The Company's basic policy on profit distribution is that it will aggressively return profits to shareholders with a

goal of reaching a dividend on equity ratio (DOE) of 4% by fiscal year 2024, having adopted DOE as its main financial indicator for dividends and comprehensively taking into account the maintenance of cash flow and a sound financial foundation for the medium to long term.

The Articles of Incorporation stipulate that the Company can distribute retained earnings on the basis of a resolution by the Board of Directors, and basically distributes dividends twice a year, once at the end of the first half of the fiscal year and again at the end of the fiscal year.

Year-end dividends for the fiscal year ended in March 2023 will be an ordinary dividend of 36.8 yen per share, as per a resolution by the Board of Directors made on this date. As a result, when including the interim dividend of 36.8 yen per share that has already been paid, annual dividends for this fiscal year will be 73.6 yen.