April 27, 2022
Dear All,
Notice concerning revision of year-end dividend forecast
ZOZO, Inc. made a resolution at the Board of Directors held today to revise its dividend forecast per share. Details are as follows:
1. Reasons for the revision
As for profit return to shareholders, our group has the basic policy for deliberating and implementing profit return by balancing internal reserve through comprehensive consideration of the followings: business performance, financial status, future business and investment plans. Specifically, we set a consolidated payout ratio target of approximately 50%.
In the "Consolidated Financial Results For the fiscal year ended March 31, 2021 [JGAAP]" which was announced on April 27, 2021, we had forecasted 55 yen per share for year-end dividend. However, we have revised this dividend to 58 yen per share after comprehensive consideration of business performance of this fiscal year, future business and investment plans, and other factors.
We will continue to enhance corporate value and reinforce financial structure, and decide the amount of internal reserve and profit return by taking future business expansion etc. into consideration.
2. Details of the revision
Annual dividends | |||
End of Q2 | Year-end | Total | |
Previous forecast (Announced on April 27, 2021) | 33.00 yen | 55.00 yen | |
Revised forecast | 36.00yen | 58.00yen | |
Current fiscal year results | 22.00 yen | ||
Previous fiscal year results (FYE March 2021) | 15.00 yen | 26.00 yen | 41.00 yen |
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 Japaneseversion shall prevail.