Maruha Nichiro : Notice Concerning Dividends of Surplus (Dividend Increase)
May 07, 2024 at 02:41 am EDT
Share
May 7, 2024
Company name:
Maruha Nichiro Corporation
Stock exchange listing:
Tokyo Stock Exchange, Prime Market
Stock code:
1333
URL https://www.maruha-nichiro.com/
Representative:
Title:
Representative Director, President & CEO
Name:
Masaru Ikemi
Inquiries:
Etsuko Kobayashi
Acting General Manager of Corporate Planning Department
Phone:
+81 (0)3 6833
0696
Notice Concerning Dividends of Surplus (Dividend Increase)
Maruha Nichiro Corporation (hereinafter, "the Company") hereby announces that its Board of Directors meeting held on May 7, 2024, has resolved to pay dividends of surplus with a record date of March 31, 2024. This matter is to be proposed for the approval of the 80th Ordinary General Meeting of Shareholders to be held on June 25, 2024.
1. Dividends of Surplus
Details of Dividends
Previous Forecast
Dividend for the
Resolution
(Announced on
Fiscal Year Ended
February 5, 2024）
March 31, 2023
Record Date
March 31, 2024
March 31, 2024
March 31, 2023
Dividends Per
50.00 yen
35.00 yen
65.00 yen
Share
Total Amount of
2,526 million yen
―
3,285 million yen
Dividends
Effective Date
June 26, 2024
―
June 28, 2023
Dividend Resource
Profit surplus
―
Profit surplus
(2) Reason
The Company's basic policy is to reinvest in growth and continue stable shareholder returns by generating a stable operating cash flow. Based on this policy, the Company had originally planned to pay a year-end dividend of 35 yen per share for the fiscal year ended March 31, 2024. However, the Company plans to increase this by 15 yen per share to 50 yen per share, taking into consideration its overall business performance and financial position.
Combined with the interim dividend of 35 yen per share already paid, this will bring the annual dividend per share of common stock to 85 yen.
(Reference) Breakdown of Annual Dividend
Dividend Per Share (yen)
Record Date
Interim
Year-end
Annual
Dividend Forecast for
the Fiscal Year Ending
50.00yen
50.00 yen
100.00 yen
March 31, 2025
Dividends for the Fiscal
Year Ended
35.00 yen
50.00 yen
85.00 yen
March 31, 2024
Dividends for the Fiscal
Year Ended
65.00 yen
65.00 yen
March 31, 2023
For the fiscal year ending March 31, 2025, the Company has set the interim and year-end dividends at 50 yen each, for an annual dividend of 100 yen per share, in order to promote long-term stable profit returns to shareholders, taking into consideration the performance outlook, past dividend performance, and dividend payout ratio.
Attachments
Original Link
Original Document
Permalink
Disclaimer
Maruha Nichiro Corp. published this content on
07 May 2024 and is solely responsible for the information contained therein. Distributed by
Public, unedited and unaltered, on
07 May 2024 06:40:08 UTC.
Maruha Nichiro Corporation is a Japan-based company principally engaged in the fishing, aquaculture, food manufacture, processing and sale business. The Company operates in five business segments. Fishery & Aquaculture segment is involved in fishery business, aquaculture business and the procurement of fishery resources. Trading segment is involved in the procurement and sale of marine products and livestock products. Overseas segment is involved in the sale of marine products and processed foods, as well as the producing and sale of surimi. Processing segment is involved in the manufacture and sale of frozen foods, canned foods, fish sausages, chikuwa, desserts, seasonings, freeze-dried products, and chemical products. Logistics segment stores and transports frozen products. The Company is also involved in the feed storage, shipping, real estate business, as well as the manufacture and sale of furs and pet foods.
MARUHA NICHIRO CORPORATION 
