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.

Notes

1. Description of dividends

 ResolutionCurrent Dividend Forecast (Nov. 6, 2020)FY 2019
Record dateSeptember 30,2020September 30,2020September 30,2019
Dividend per share

20.00 yen

20.00 yen

27.00 yen

Total Dividend Amount

365 million yen

492 million yen

Effective dateDecember 2,2020November 29,2019
Dividend sourceRetained earningsRetained earnings

 

2.Reasons

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.

 

(Reference)Annual dividend

 Annual dividend (Yen)Consolidated payout ratio
Record date

The end of the

second quarter

The end of the termTotal
Term-end dividend for this fiscal year5.00 yen20.00 yen25.00 yen30.0%
Term-end dividend for the fiscal year ending Sept. 30, 20195.00 yen27.00 yen32.00 yen32.3%

PDF Notice of Dividends of Surplus