Meiko Network Japan Co., Ltd. Announces Dividend for the Full Year Ended August 31, 2022, Payable on November 21, 2022; Provides Dividend Guidance for the Second Quarter and the Full Year Ending August 31, 2023
October 13, 2022 at 12:00 am
Share
Meiko Network Japan Co., Ltd. announced dividend of JPY 11.00 as compared to JPY 10.00 paid previously. Dividend payment date is November 21, 2022.
The company provided dividend guidance for the second quarter and the full year ending August 31, 2023. For the second quarter, the company expects dividend of JPY 12.00 as compared to JPY 11.00 paid previously.
For the year, the company expects dividend of JPY 12.00 as compared to JPY 11.00 paid previously. The Company basic policy is enhance its corporate value on a mid- to long-term basis by strengthening its business foundations, enhancing its self-funding necessary for growth investment, and stably and continuously returning profit to shareholders. The Company will pay an annual dividend of JPY 22 per share (an increase of JPY 2 from the fiscal year ended August 31, 2021) in the basic policy. This sum is a combination of the JPY 11 dividend at the end of the second quarter and the JPY 11 dividend at the end of the fiscal year. And, the Company plans to pay an annual dividend of JPY 24 per share (an increase of JPY 2 from the fiscal year ended August 31, 2022) in its dividend forecast for the fiscal year ending August 31, 2023. This sum will be a combination of a JPY 12 dividend at the end of the second quarter and a JPY 12 dividend at the end of the fiscal year. This is as described in the Summary Report on Financial Results for the Fiscal Year Ended August 31, 2022 that the Company announced on October 13, 2022.
MEIKO NETWORK JAPAN CO., LTD. is mainly engaged in the operation of cram school business. The Company operates in three business segments. The Meiko Cram School Direct Operation segment is engaged in the provision of teaching guidance and the sale of teaching materials and text books. The Meiko Cram School Franchise segment provides guidance to classroom setting up and operation, and sells classroom supplies, machines, teaching materials, among others. The Preparatory Schools segment is involved in the operation of specialty cram schools for medical college entrance exam. The Others segment is engaged in the operation of soccer schools for children, individual tutoring cram schools for high academic level, long-term tutoring cram schools, as well as the publishing of academic textbooks, among others.
Meiko Network Japan Co., Ltd. Announces Dividend for the Full Year Ended August 31, 2022, Payable on November 21, 2022; Provides Dividend Guidance for the Second Quarter and the Full Year Ending August 31, 2023