CREDIT SAISON CO., LTD. May 15, 2024
To whom it may concern
Company Name: Credit Saison Co., Ltd.
Representative: Katsumi Mizuno, Representative, Executive President and COO (Code: 8253, Prime Market of the Tokyo Stock Exchange)
Inquiries: Naoki Misaka, Executive Officer, In charge of Corporate Planning Dept., General Manager, Corporate Planning Dept. (TEL: +81-3-3988-2110)
Notice Regarding Dividends from Surplus for the Fiscal Year Ended March 31, 2024
(Increase in Dividends) and Dividend Forecast for the Fiscal Year Ending March 31, 2025
Credit Saison Co., Ltd. (hereinafter: "Credit Saison") hereby announces that, at a meeting held on May 15, 2024, the Board of Directors resolved to pay dividends from surplus with a record date of March 31, 2024, as follows. A proposal will be submitted regarding the amount of the dividend from surplus at the Ordinary General Meeting of Shareholders scheduled to be convened in June 19, 2024.
In addition, Credit Saison also hereby announces the dividend forecast for the fiscal year ending March 31, 2025, as follows.
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1. Details of dividends | |||||||
Nearest dividend forecast | Results for the previous fiscal | ||||||
Determined amount | year | ||||||
(Announced November 10, 2023) | |||||||
(Fiscal year ended March 2023) | |||||||
Record date | March 31, 2024 | Same as left | March 31, 2023 | ||||
Dividend per | 105.00 yen | 100.00 yen | 70.00 yen | ||||
(Ordinary dividend: 85.00 yen) | (Ordinary dividend: 80.00 yen) | ||||||
share | (Ordinary dividend: 70.00 yen) | ||||||
(Special dividend: 20.00 yen) | (Special dividend: 20.00 yen) | ||||||
Total of | |||||||
dividends | 17,288 billion yen | － | 10,948 billion yen | ||||
(Full year) | |||||||
Effective date | June 20, 2024 | － | June 22, 2023 | ||||
Dividend source | Retained earnings | － | Retained earnings | ||||
2. Reason
Credit Saison believes that initiatives to strengthen its corporate structure and to continuously expand its business are important for enhancing shareholder value.
Regarding the sharing of profits, the Company intends to secure sufficient internal reserves to achieve these objectives while providing appropriate, stable, and continuous dividends to its stockholders.
Under this policy, based on the consolidated financial results for the fiscal year ended March 31, 2024, Credit Saison plans to increase the ordinary dividend by 5 yen from the nearest dividend forecast and pay a year-end dividend of 105 yen per share.
3. Dividend forecast for the fiscal year ending March 31, 2025
Credit Saison has formulated a vision for 2030 and the "Credit Saison Group Medium-term Management Plan for Fiscal Years 2024 to 2026," as a plan for executing that vision, and it has set forth a target of a dividend payout ratio of 30% or more, while firmly adhering to a policy of stable and continuous dividends.
Based on this policy, the dividend forecast for the fiscal year ending March 31, 2025, is 105 yen per share.
Annual dividend | |||||||||
End of | End of | Annual | Payout ratio | ||||||
Second quarter | Fiscal year | (Consolidated) | |||||||
Dividend forecast for the fiscal | 0.00 yen | 105.00 yen | 105.00 yen | 32.9% | |||||
year ending March 31, 2025 | |||||||||
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Disclaimer
Credit Saison Co. Ltd. published this content on 15 May 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 May 2024 11:28:04 UTC.
