Comture : (Delayed)Notice of Revision to Dividend Forecast (Dividend Increase)
February 02, 2022 at 10:19 pm EST
Share
January 31, 2022
Company name:
COMTURE CORPORATION
Representative:
Koichi Mukai, Chairman
Stock code:
3844
Listing:
Tokyo Stock Exchange, First Section
Contact:
Osamu Noma, Member of the board,
Executive Vice President
Tel: +81-(0)3-5745-9700
Notice of Revision to Dividend Forecast (Dividend Increase)
The Board of Directors of COMTURE CORPORATION approved a resolution on January 31, 2022 to make the following revision to the dividend forecast for the fiscal year ending March 31, 2022 that was announced on July 30, 2021.
Revision to the Dividend Forecast (Dividend Increase)
(1) Revised forecast
Dividend per share
Payout ratio
(consolidated)
1Q-end
2Q-end
3Q-end
Year-end
Total
Yen
Yen
Yen
Yen
Yen
%
Previous forecast
8.25
8.25
9.25
9.25
35.00
46.5
(July 30, 2021)
Revised forecast
11.25
37.00
49.1
(January 31, 2022)
Current fiscal year
8.25
8.25
9.25
(ending March 31, 2022)
Previous fiscal year
7.75
7.75
7.75
7.75
31.00
47.4
(ended March 31, 2021)
(2) Reasons for revision
Distributing earnings to shareholders is one of the highest priorities of COMTURE. The basic policy is to pay a steady and consistent dividend that reflects the need to retain earnings for funds required for growth and building a stronger base for business operations.
Based on this policy, and taking into account the steady performance of our business, COMTURE has raised the year-end dividend forecast for the fiscal year ending March 31, 2022 from 9.25 yen to 11.25 yen in order to promote the return of profits to its shareholders. As a result, the fiscal year dividend forecast has been increased by 2 yen to 37 yen. Based on the earnings forecast, this will result in an expected dividend payout ratio of 49.1% compared with 46.5% in the previous dividend forecast.
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Comture Corporation published this content on 03 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 03 February 2022 03:18:08 UTC.
COMTURE CORPORATION is a Japan-based company mainly engaged in the provision of information processing services, including the proposal, building, maintenance and operation of computer systems. The Company operates in three business segments. The Solution Service segment is engaged in the proposal, building, maintenance and operation of groupware products of the Company, as well as IBM Japan, Ltd. and Microsoft Corporation. This segment also provides support services for its customers' business process reform through enterprise resource planning (ERP) packaged software SAP R/3, as well as the construction of business and information systems for client corporations using the Internet. The Product Distribution segment is engaged in the marketing and sale of its products. The Network Service segment provides system management, inspection and help desk services.