News
Notice Regarding Dividend from Surplus
Aug 7, 2023
On August 7, 2023, TechnoPro Holdings, Inc. resolved to pay the year-end dividend to its shareholders of record as of June 30, 2023.
The resolution will be brought to a vote at its annual shareholders’ meeting scheduled on September 28, 2023.
1. Year-end Dividend
| FY2023 Year-end |
Latest forecast (announced February 3, 2023) |
FY2022 Year-end | |
|---|---|---|---|
| Record date | June 30, 2023 | June 30, 2023 | June 30, 2022 |
| Dividend per share | ¥50.00 | ¥47.00 | ¥52.00 |
| Total dividend amount | ¥5,362 million | — | ¥5,601 million |
| Effective date | September 29, 2023 | — | September 30, 2022 |
| Source of payment | Retained earnings | — | Retained earnings |
2. Reason
TechnoPro Holdings, Inc.’s basic capital policy is to distribute profits, linked to business performance, to its shareholders at the dividend payout ratio of 50% or higher, as well as to maximize its corporate value over the medium and long term by investing in the growth areas, including sustainable growth of engineering professional services, acceleration of solution business, promotion of engineer training business, commercialization of DX promotion business, global expansion and M&A activities in an effort to create value by realizing investment return beyond cost of capital.
Based on the basic policy above, the Company announced in the latest guidance to pay a year-end dividend of ¥47.00 per share. The Company has, however, decided to raise the dividend to ¥50.00 per share (total annual dividend of ¥75.00 per share at the dividend payout ratio of 52.6%, including interim dividend of ¥25.00), representing an increase of ¥3.00 per share compared to the guidance, in consideration of earnings performance and financial conditions as well as progressive annual dividend.
(Reference) Annual dividend
| Dividend per share (yen) | |||
|---|---|---|---|
| Interim | Year-end | Total | |
| FY2023 | ¥25.00 | ¥50.00 | ¥75.00 |
| FY2022 | ¥20.00 | ¥52.00 | ¥72.00 |
(Note on translation)
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