Focus : Notice of Revision to Dividend Forecast (Dividend Increase) and Abolishment of Shareholder Special Benefit Program
February 09, 2023
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February 10,2023
Dear all,
Company name: Focus Systems Corporation Representative Director: President, Keiichi Mori (Securities Code: 4662, Tokyo Stock Exchange, First Section) Inquiries: Executive Director Makoto Goto TEL. +81-3-5421-7777
Notice of Revision to Dividend Forecast (Dividend Increase) and Abolishment of
Shareholder Special Benefit Program
We are pleased to announce that our Board of Directors has resolved at a meeting held on February 10, 2023, to revise the dividend forecast for the fiscal year ending March 31, 2023 (dividend increase) and to abolish the shareholder special benefit program for the fiscal year ending March 31, 2023.
1. Reason
The Company has implemented a shareholder special benefit program w ith the aim of making the investment in the Company's shares more attractive in all aspects and encouraging shareholders to hold the Company's shares over the medium to long term. After careful consideration of the principle of shareholder equality, market liquidity, and other factors, we have decided to place the highest priority on achieving a fair return of profits to all of our shareholders and concentrate it on the direct return of profits through dividends.
The Company continues to consider the long-term expansion of profits for shareholders an important management goal and has decided to pay a year-end dividend of 30.00 yen per share for the fiscal year ending March 31, 2023. As a result, the annual dividend per share will be 35.00 yen, an increase of 5.00 yen from the previous forecast of 30.00 yen.
The agenda of year-end dividends will be submitted to the 47th Annual Shareholders' Meeting scheduled to be held in June 2023.
2. Outline
Revision to dividend forecast (dividend increase)
Dividend per share
End of second quarter
End of fiscal year
Total
Previous forecast
(Announced November
25.00 yen
30.00 yen
11, 2022)
Revised forecast
30.00 yen
35.00 yen
Current year results
5.00 yen
22.00 yen
27.00 yen
Previous year results
(Regular dividend:
(Regular dividend:
(FY ended March 31,
5.00 yen
20.00 yen)
25.00 yen)
2022)
(Commemorative
(Commemorative
dividend: 2.00 yen)
dividend: 2.00 yen)
(2) Abolishment of shareholder special benefit program
The shareholder special benefit program that was introduced through Premium Benefit Club will be discontinued at the end of September 2023, the expiration date of the "carried-over points" of the shareholder special benefit points awarded to shareholders listed or recorded in the shareholders ' registry at the end of March 2022. A notice of abolishment of the shareholder special benefit program will be sent in mid-June.
Shareholder special benefit points
available for use during June to
Shareholders listed or recorded in the
September 2023
Expiry date
shareholder registry
New points
Points carried
over from a
previous year
Only on March 31, 2023
N/A
N/A
For two consecutive years
Both on March 31, 2022 and March 31,
N/A
Remaining points*
September 30, 2023
2023
*Shareholder special benefit points remaining at the end of September 2022 will be carried over only if a shareholder is listed or recorded in the shareholder registry as of the end of March 2023 in the same shareholder number as that listed or recorded in the shareholder registry as of the end of March 2022. If the shareholder number changes due to sale, name change, inheritance, etc. by the record date in March 2023, the remaining shareholder special benefit points will not be carried over and will be forfeited.
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Disclaimer
Focus Systems Corporation published this content on 10 February 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 February 2023 01:29:04 UTC.
Focus Systems Corporation is a Japan-based company mainly engaged in system integration services, information technology (IT) services, security equipment sales and related services. The Company operates in three segments. The Public-related segment involves in the software development, the entire information system development including networks and information consulting services for government offices and local authorities, as well as financial institutions such as banks and insurance companies. The Private-related segment involves in software development, the entire information system development including networks and information consulting services for private enterprises. The Security Equipment-related segment involves in the productâs introduction and maintenance services related to common operational infrastructure of the Ministry of Defense related systems, sales of products such as digital forensics to against cyber-attacks via the Internet as well as investigation services.