PRONEXUS : Dividend Forecast Revised (Dividend Increase)

May 13, 2022

Dividend Forecast Revised (Dividend Increase)

TOKYO, JAPAN, May 13, 2022 - PRONEXUS Inc. ("PRONEXUS") announced today that a resolution was passed at the Board of Directors' meeting on May 13, 2022 regarding the dividend forecast for the end of the fiscal year ending March 2022.

PRONEXUS's articles of incorporation specify that a dividend of surplus funds, etc. is to be issued by a resolution of the Board of Directors. The final resolution on the dividend from the surplus funds will be made at a meeting of the Board of Directors scheduled for May 19, 2022.

1. Reason for revising the dividend forecast

PRONEXUS considers the return of profits to shareholders to be a high priority management issue and makes steadily issuing dividends a basic policy. The Company determines the amount of the dividends based on a wide-ranging analysis of business performance, the overall business environment, and other factors. PRONEXUS's target consolidated dividend payout ratio is 50% or more.

Based on this policy, PRONEXUS has revised the year-end dividend for the fiscal year ending March 2022 to 19 yen per share, up 3 yen from the previous forecast of 16 yen per share. The reasons for the increase are to repay the support of shareholders and the business results for the current fiscal year exceeded initial forecasts.

As a result, the annual dividend per share for the current fiscal year together with the interim dividend of 16 yen per share already issued will total 35 yen per share, an increase of 2 yen over the previous fiscal year.

2. Details of the revision

				Cash dividend per share (yen)
		End of 2nd quarter				End of fiscal year			Full year
Previous forecast						Ordinary dividend	16		Ordinary dividend	32
(announced on July
31, 2021)
Revised forecast						Ordinary dividend	19		Ordinary dividend	35
Current result of		Ordinary dividend	16
fiscal period
Result of previous		Ordinary dividend	15						Ordinary dividend	31
	Commemorative dividend			Ordinary dividend	16		Commemorative dividend
fiscal period
		2					2
(FY 2021)								(Total dividend
	(Total dividend	17)						33)