Topre Corporation TSE:5975
Topre : Notice Regarding Distribution of Surplus Funds (Interim Dividend) and Revision of Year-End Dividend Forecast (Dividend Increase)
Source: MarketScreener
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.
November 14, 2024
Company name: Topre Corporation
Representative: Yutaka Yamamoto,
Representative Director,
President, Executive Officer
(Securities code: 5975, Prime Market of the Tokyo Stock Exchange) Inquiry: Takayuki Noda, Executive Officer, General Manager of General Affairs
Dept.
(TEL 03‐3271‐0711)
Notice Regarding Distribution of Surplus Funds (Interim Dividend) and Revision of Year-End
Dividend Forecast (Dividend Increase)
At the Board of Directors meeting held today, we resolved to distribute dividends from surplus with a record date of September 30, 2024, as detailed below. Additionally, we have revised our year-end dividend forecast as follows and would like to inform you of this change.
Details
1. Distribution of Surplus Funds (Interim Dividend)
Recent Dividend Forecast | Previous Year Results | ||||||
Decided Amount | (Announced August 9, | (Second Quarter of the Year | |||||
2024) | Ended March 31, 2024) | ||||||
Record Date | September 30, 2024 | Same as left | September 30, 2023 | ||||
Dividend per Share | 35 yen | 30 yen | 25 yen | ||||
Total Dividend Amount | 1,776 million yen | ― | 1,315 million yen | ||||
Effective Date | December 13, 2024 | ― | December 13, 2023 | ||||
Source of Dividend | Retained Earnings | ― | Retained Earnings | ||||
Funds | |||||||
2. Revision of Year-End Dividend Forecast (Dividend Increase) | |||
Annual Dividend (Yen) | |||
End of Second Quarter | End of the Fiscal Year | Total | |
Previous Forecast | 30 yen | 60 yen | |
Revised Forecast | 35 yen | 70 yen | |
Current Fiscal Results | 35 yen |
Previous Fiscal Results
(Year Ended March 31,
2024)
25 yen
30 yen
55 yen
3. Reason
While aiming for continuous dividends, we are working to stabilize our management foundation. Additionally, to strengthen total shareholder returns, including share buybacks, we announced in our medium-term management plan on May 14, 2024 that we are targeting a dividend payout ratio of 20- 30%, with a goal of achieving a dividend payout ratio of 30% or more in the medium to long term.
Regarding the distribution of surplus funds (interim dividend) with September 30, 2024 as the record date, after comprehensively considering the above dividend policy and business performance, we have decided to increase the dividend by 5 yen per share to 35 yen (compared to the recent dividend forecast of 30 yen). Similarly, we plan to increase the year-end dividend by 5 yen per share from the previous forecast to 35 yen, bringing the annual dividend to 70 yen per share, an increase of 10 yen per share from the previous forecast.
End