May 19, 2021
Dear All,
Notice Concerning Dividends of Surplus
ZOZO, Inc. (hereinafter, referred to as the "Company") made a resolution at the Board of Directors held on May 19, 2021, to submit a proposal of the dividends of surplus with the record date of March 31, 2021 to the Company's 23rd Ordinary General Meeting of Shareholders, scheduled on June 25, 2021.
1. Details of dividends
Most recent dividend | Dividends paid for | ||
Amount resolved | forecast (announced on | preceding fiscal year | |
April 27, 2021) | (FYE March 31, 2020) | ||
Record Date | March 31, 2021 | Same as on the left | March 31, 2020 |
Dividend per share | 26.00 yen | Same as on the left | 18.00 yen |
Total dividends | 7,939 million yen | - | 5,495 million yen |
Effective date | June 28, 2021 | - | June 30, 2020 |
Cash dividends | Retained earnings | - | Retained earnings |
2. Reason
The Company recognizes that maximization of shareholders profit is one of the management objectives, and in regard with profit return to shareholders, the Company has the basic policy for deliberating and implementing profit return by balancing internal reserve through comprehensive consideration of business performance, financial status, future plans of business and investment. For the current consolidated fiscal year, a year-end dividend will be 26.00 yen per share, based on a consolidated dividend payout ratio target of 40%. Also, as of April 27, 2021, the Company changed its dividend policy and decided to raise the consolidated dividend payout ratio target from 40% to 50%. Therefore, we plan to pay an annual dividend of 55 yen per share for the next fiscal year, based on a payout ratio of 50%.
(Reference) Breakdown of annual dividends
Dividend per share (yen) | ||||
Record date | End of Q2 | Year-end | Annual | |
Forecasts for FYE March 31, 2022 | 22.00 | 33.00 | 55.00 | |
Results for FYE March 31, 2021 | 15.00 | 26.00 | 41.00 | |
Results for FYE March 31, 2020 | 12.00 | 18.00 | 30.00 | |
DISCLAIMER: This document is summary translation of Japanese version. All readers are recommended to refer the original Japanese version for complete information. In the event of any discrepancy, errors and/or omissions, the Japanese version shall prevail.
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