WingArc1st : Notice Concerning Dividends of Surplus
April 13, 2022 at 02:22 am
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Note:This document has been translated from the Japanese original for reference purposes only. In the event of any discrepancy between this translated document and the Japanese original, the original shall prevail.
April 13, 2022
Company name:
WingArc1st Inc.
Name of representative:
Jun Tanaka
President, Executive Officer and CEO
(Securities Code: 4432; Prime Market of TSE)
Inquiries:
Taisuke Fujimoto
Director, Executive Officer and CFO
(Telephone: +81-3-5962-7400)
Notice Concerning Dividends of Surplus
WingArc1st Inc. (the "Company") hereby announces that it has decided to issue dividends of surplus (year-end dividends) following its Board of Directors meeting held on April 13, 2022.
1. Dividends of surplus (year-end dividends)
Determined amount
Most recent dividend forecast
(Announced on April 13, 2021)
Results of previous fiscal year*
(For the fiscal year ended
February 28, 2021)
Record date
February 28, 2022
February 28, 2022
February 28, 2021
Dividend per share
¥22.00
¥20.60
¥24.00
Total cash dividends
¥751,165 thousand
―
¥736,752 thousand
Effective date
May 11, 2022
―
May 13, 2021
Source of dividends
Retained earnings
―
Retained earnings
*Only year-end dividends were issued for the fiscal year ended February 28, 2021. No interim dividends (at the end of Q2) were issued.
2. Reasons
Given that consolidated performance for the fiscal year ended February 28, 2022 surpassed the consolidated performance announced on April 13, 2021 and in comprehensive consideration of the future business environment, strengthening of shareholder returns and other factors, the Company has decided to increase year-end dividends by ¥1.40 from its previously announced ¥20.60 to ¥22.
3. Policy regarding the issuance of dividends of surplus
The Company follows a basic policy of issuing dividends of surplus twice a year, and aims to provide stable dividends based on a target consolidated dividend payout ratio of around 30%. In accordance with the return policy of the Company's medium-term management policy announced on January 13, 2022, the Company intends to maintain the annual dividend of ¥42.60 per share for the five-year period from FY2023 to FY2027 if profit attributable to owners of the parent company falls below that of its level in the fiscal year ended February 28, 2022. If profit attributable to owners of the parent company exceeds that of its level in the fiscal year ended February 28, 2022, the Company intends to issue dividends based on a target consolidated dividend payout ratio of around 30% in accordance with its basic policy.
Reference: Overview of dividends
Dividend per share
Record date
At the end of Q2
At the end of the fiscal year
Total
Results of the current fiscal year
(For the fiscal year ended
February 28, 2022)
¥20.60
¥22.00
¥42.60
Results of previous fiscal year (For the fiscal year ended
February 28, 2021)
―
¥24.00
¥24.00
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Disclaimer
WingArc1st Inc. published this content on 13 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 13 April 2022 06:14:09 UTC.
WingArc1st Inc is engaged in the development and sale of corporate software and services. The Company is engaged in data empowerment business, including form and document management solutions and data empowerment solutions. In the form and document management solution, the Company provides software used in Japan as a business foundation for forms and solutions based on them. It is used for creating, outputting, and managing forms in various places in society, from business forms such as invoices, delivery notes, shipping slips, and e-tickets to various certificates issued by public institutions. Main products include SVF, SVF Cloud and SPA. The data empowerment solution mainly sells software, provides cloud services, and provides maintenance support to end users. The main software and services include Dr.Sum and MotionBoard. The Company is also engaged in the provision of professional services.