November 16, 2020
CMIC Holdings Co., Ltd.
At the Board of Directors meeting today, CMIC HOLDINGS Co., Ltd. (hereinafter “the Company”), resolved to distribute dividends of surplus with record date of September 30, 2020.
1. Description of dividends
|Resolution||Current Dividend Forecast (Nov. 6, 2020)||FY 2019|
|Record date||September 30,2020||September 30,2020||September 30,2019|
|Dividend per share|
|Total Dividend Amount|
365 million yen
492 million yen
|Effective date||December 2,2020||–||November 29,2019|
|Dividend source||Retained earnings||–||Retained earnings|
CMIC HOLDINGS Co., Ltd. positions the profit return to shareholders as one of the important management measures. Our basic policy is to pay the amount of dividends according to financial performance while focusing on profitability improvement and attaining internal reserves that future business expansion will require. Our target is 30% for the consolidated dividend payout ratio and we strive for sustainable and stable dividend payments.
Considering the target payout ratio , term-end dividend shall be 20.00 yen. As a result, annual dividend combining with the end of the second quarter dividend is scheduled to be 25.00 yen.
|Annual dividend (Yen)||Consolidated payout ratio|
The end of the
|The end of the term||Total|
|Term-end dividend for this fiscal year||5.00 yen||20.00 yen||25.00 yen||30.0%|
|Term-end dividend for the fiscal year ending Sept. 30, 2019||5.00 yen||27.00 yen||32.00 yen||32.3%|