By To Whom It May Concern
January 7, 2014
Company Name: | YONDOSHI HOLDINGS INC. |
Representative: | Hidenori Suzuki President and Representative Director |
Listing: | First Section, Tokyo Stock Exchange |
Securities Code: | 8008 |
Inquiries: | Masahiko Nishimura Director and General Manager Operations Dept. |
Telephone: | +81-3-5719-3429 |
YONDOSHI HOLDINGS INC. (hereinafter referred to as "YONDOSHI HOLDINGS" or "the Company") today announced details of its decision to revise its cash dividend per share forecasts. This decision was made at a Board of Directors meeting held on January 7, 2014. Brief details are as follows.
1. Rationale Behind the Revision of Dividend Forecasts
The YONDOSHI HOLDINGS Group has positioned the adequate return of profits to shareholders as a key management priority. Guided by the fundamental policy of providing stable and continuous dividends, YONDOSHI HOLDINGS strives to increase the level of profits returned to its shareholders through such measures as flexible share repurchases.
YONDOSHI HOLDINGS had initially forecast a period-end cash dividend of ¥12.5 per share for the fiscal year ending February 28, 2014. The Company has now decided to pay an additional special cash dividend of ¥5 per share, bringing the period-end cash dividend to ¥17.5 per share. This upward revision is largely attributable to firm business results as well as robust activity during the peak Christmas marketing period. As a result, YONDOSHI HOLDINGS has secured a definitive increase in revenues and also expects operating income, ordinary income and net income to reach a record high, respectively.
Taking the aforementioned into account, the annual cash dividend for the fiscal year ending
February 28, 2014 together with the interim cash dividend is projected at ¥30 per share.
Plans are in place to put forward a proposal regarding the payment of cash dividends at the
Company's 64th Annual General Meeting of Shareholders scheduled for May 2014.
Annual Cash Dividend per Share | ||||||||||
(Record Date) | End of 1Q | End of 2Q | End of 3Q | Year-end | Total | |||||
Yen | Yen | Yen | Yen | Yen | ||||||
Previous Forecast (announced on April 15, 2013) | - | 12.50 | - | 12.50 | 25.00 | |||||
Revised Forecast | - | - | - | 17.50 | 30.00 | |||||
Actual Cash Dividend Paid | - | 12.50 | - | |||||||
Cash Dividend per Share for the Fiscal Year Ended February 28, 2013 | - | 10.50 | - | 11.50 | 22.00 |
Note: Breakdown of period-end cash dividend for the fiscal year ending February 2014: Ordinary cash dividend ¥12.50
Special cash dividend ¥5.00
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