Chemipro Kasei's basic policy is to stably and continuously distribute a surplus, while strengthening its financial standing, and comprehensively taking into consideration the business environment, results and future development.
The dividends from a surplus are in principle paid twice a year as interim and year-end dividends.
The decision-making bodies for these dividends are the General Shareholders Meeting and the Board of Directors for the year-end and the interim dividends respectively.
Regarding the dividends for the current fiscal year, we decided to distribute 4 yen based on the above policy. As a result, the dividend payout ratio for the current fiscal year is 36.5%.
We make a valid investment of our internal reserves, in order to respond to anticipated changes in the business environment, to further enhance our cost competitiveness, to strengthen our technology/manufacturing development systems to meet market needs, and to pursue our global strategy.
The Articles of Incorporation of the company stipulate that "It may, by a resolution at the board of directors' meeting, pay an interim dividend each year with 30th September as the record date.
Dividends from surplus for the current fiscal year are as follows.
|
| 2019/03 | 2020/03 | 2021/03 | 2022/03 | 2023/03 | 2024/03 （Expected） |
||
|---|---|---|---|---|---|---|---|
| Dividend Per Share(yen) | 1Q | - | - | - | - | - | - |
| 2Q | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| 3Q | - | - | - | - | - | - | |
| FY-End | 3.00 | 3.50 | 3.50 | 4.00 | 2.00 | 3.00 | |
| Total | 3.00 | 3.50 | 3.50 | 4.00 | 2.00 | 3.00 | |
| Amount of Dividends(million yen) | 49 | 57 | 57 | 66 | 33 | - | |
| Payout Ratio(%) | 78.0 | 63.2 | 31.9 | 36.5 | 45.4 | 40.3 | |
| Ratio of Total Amount of Dividends to Net Assets(%) | 1.1 | 1.3 | 1.3 | 1.4 | 0.7 | - | |
