January 31, 2025
FOR IMMEDIATE RELEASE
Name of listed company: ZENRIN Co., Ltd.
Representative: Zenshi Takayama President and CEO
Representative Director
(Securities code: 9474 Stock exchange listings: Tokyo and Fukuoka)
Contact: Yumiko Toshima
Director, Senior Executive
Officer and Head of Corporate
Management Division
(TEL: +81-93-882-9050)
Notice Concerning Revision of Year-End Dividend Forecast（Dividend Increase）
ZENRIN Co., Ltd. (the "Company") hereby announces that it has resolved, at a meeting of the Board of Directors held on January 31, 2025, to revise (increase) the year-end dividend forecast per share for the fiscal year ending March 31, 2025, as described below.
１．Details of revision
Dividend per share | |||
Record Date | Second | Fiscal Year-end | Total |
quarter-end | |||
Previous forecast | 15.00 yen | 30.00 yen | |
Revised forecast | 20.00 yen | 35.00 yen | |
Current fiscal year | 15.00 yen | ||
Previous fiscal year | 13.50 yen | 15.00 yen | 28.50 yen |
(Fiscal year ended March 31,2024) | |||
２．Reasons for Revision
Positioning the returning of income to shareholders as a top priority, the Company adopts a basic policy of implementing stable, uninterrupted payments of dividends derived from income growth based on the medium- to long-term business plan on a consolidated basis. In line with this policy, the Company has set dividend on equity (DOE*) on a consolidated basis of 3% or higher as the target.
In accordance with this policy, the year-end dividend for the fiscal year ending March 31, 2025, which was originally set at 15 yen per share, has been increased by 5 yen to 20 yen per share in order to respond to the support of our shareholders, in light of the steady performance of our business and our internal reserves.
As a result, including interim dividend of 15 yen per share, which has already been implemented, the annual dividend is expected to be 35 yen per share.
Please note that the Company plans to submit this matter to the 65th Ordinary General Meeting of Shareholders scheduled to be held in June 2025.
*Dividend on equity on a consolidated basis (DOE) = Total amount of dividends / Shareholders' equity Shareholders' equity is the amount arrived at when the amount of treasury shares is subtracted from the sum of common stock, capital surplus and retained earnings.