Warabeya Nichiyo Holdings Co., Ltd. Announces Dividend for the Fiscal Year Ended February 28, 2023, Payable on May 26, 2023; Provides Dividend Guidance for the Fiscal Year Ending February 29, 2024
April 11, 2023 at 07:00 am
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Warabeya Nichiyo Holdings Co., Ltd. recognized that the return of profits to shareholders is an important management issue, and has paid dividends on a continual basis while taking into consideration consolidated results, internal reserves for investments for future business expansion, etc. The Company has reviewed the standard dividend payout ratio as it believes that further enhancement of the return of profits to shareholders is important. Furthermore, dividends have been paid on a once-per-year basis at the end of the fiscal year, but from the fiscal year ending February 29, 2024, the Company shall change its policy to pay dividends on a twice-per-year basis, which includes interim dividends. The Company's basic policy is to pay stable and continual dividends, targeting a consolidated dividend payout ratio of 40%, while taking into consideration consolidated results, internal reserves for investments for future business expansion, etc.
Due to the changes to the dividend policy, the fiscal year-end dividend for the fiscal year ended February 28, 2023 shall be ¥65 per share, an increase of ¥15 in comparison to the previous fiscal year. Scheduled date to commence dividend payments is May 26, 2023.
Furthermore, the dividend amount for the fiscal year ending February 29, 2024, which is currently in progress, is planned to be ¥70 per share for the fiscal year (interim dividend of ¥35, fiscal year-end dividend of ¥35).
WARABEYA NICHIYO HOLDINGS CO.,LTD. is a Japan-based company mainly engaged in the manufacture and sale of cooked food such as cooked rice, cooked bread, prepared foods, and Japanese sweets, and the purchase, process and sale of food materials. The Company operates through five business segments. The Food related segment manufactures and sells cooked foods such as cooked rice, cooked bread, prepared meals, and Japanese sweets for convenience stores. The Food Ingredients segment is engaged in the purchase and sale of food materials for food makers. The Logistical segment is engaged in the provision of food related transportation. The Food Production Equipment segment is engaged in the sale, repair and maintenance of food production equipment. The Temporary Staffing related segment is engaged in temporary staff dispatch and other business contracts.
Warabeya Nichiyo Holdings Co., Ltd. Announces Dividend for the Fiscal Year Ended February 28, 2023, Payable on May 26, 2023; Provides Dividend Guidance for the Fiscal Year Ending February 29, 2024