Mitsui Matsushima : Notice of Third Round of Revisions to the Dividend Forecast (Dividend Increase) for the Fiscal Year Ending March 31, 2023
March 15, 2023 at 09:43 pm
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February 10, 2023
To Whom It May Concern:
Company name: Mitsui Matsushima Holdings Co., Ltd.
Representative: Taishi Yoshioka, Representative Director and President
(Stock Code: 1518, Prime Market of Tokyo Stock Exchange and Fukuoka Stock Exchange)
Contact: Executive Officer and General Manager of Business Planning Dept. Mikiko Abe
(Tel. 092-771-2171)
Notice of Third Round of Revisions to the Dividend Forecast (Dividend Increase) for
the Fiscal Year Ending March 31, 2023
Mitsui Matsushima Holdings Co., Ltd. (hereinafter, the "Company") hereby announces that it resolved at its board of directors meeting held on February 10, 2023, to revise (increase) the dividend per share forecast for the fiscal year ending March 31, 2023 (announced on November 11, 2022), as follows:
1. Contents of the Revision to the Dividend Forecast
Dividend per share
End of 2Q
End of fiscal year
Total
Previous forecast
190.00 yen
270.00 yen
(Ordinary dividend: 40.00 yen)
(Ordinary dividend: 80.00 yen)
(announced on November 11, 2022)
(Commemorative dividend:
(Commemorative dividend:
150.00 yen)
190.00 yen)
240.00 yen
320.00 yen
Revised forecast
(Ordinary dividend: 40.00 yen)
(Ordinary dividend: 80.00 yen)
(Commemorative dividend:
(Commemorative dividend:
200.00 yen)
240.00 yen)
80.00 yen
Results for FY2022 thus far
(Ordinary dividend: 40.00 yen)
(Commemorative dividend:
40.00 yen)
Previous results
80.00 yen
80.00 yen
(FY2021)
(Ordinary dividend: 80.00 yen)
(Ordinary dividend: 80.00 yen)
2. Reasons for Revision
The Company positions the return of profits to shareholders as one of its priorities. The basic policy is to
continue returning profits to shareholders commensurate with its financial results while securing internal reserves that are sufficient to ensure stable corporate growth moving forward and addressing changes in the business environment. As a result of comprehensive consideration of the above policy and earnings performance, etc., the Company has decided to boost its previous per-share dividend forecast of 270.00 yen (announced on November 11, 2022) by 50.00 yen to 320.00 yen. The table above denotes a breakdown of the interim dividend and the fiscal year-end dividend as well as the ordinary and commemorative (110th anniversary of its founding and all-time high profit) dividends.
For the earnings forecast for the fiscal year ending March 31, 2023, please refer to the "Notice of Third Round of Revisions to Earnings Forecast for the Fiscal Year Ending March 31, 2023" announced on the same day.
The forecast above is based on information available as of the date of this publication. Actual dividends may differ due to various factors going forward.
END
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Mitsui Matsushima Co. Ltd. published this content on 16 March 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 March 2023 01:42:06 UTC.
Mitsui Matsushima Holdings Co Ltd, formerly Mitsui Matsushima Co Ltd is primarily engaged in production, purchase and sales of coal business. The Company also engaged in the manufacture and sale of office equipment, mask blanks for various applications centered on liquid crystal panels, organic electroluminescence (EL), electronic components and others, manufacture and sale of straws, purchase and sale of packaging materials, as well as planning, production and sale of men's clothes, women's clothes and shirts. The Company has two business segments. The Energy segment is engaged in coal sales, coal production and renewable energy business. The Daily Lifestyle segment is engaged in provision of office supplies, electronic components, food and drink materials, clothing products, and care business. The others engage in rental business, ports business, propane gas supply business, as well as overseas dispatch training course business.