Tokai Tokyo Financial : Projected Interim Dividend for the Fiscal Year Ending March 31, 2020
September 18, 2019 at 03:57 am EDT
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5-1, NIHONBASHI 2-CHOME,CHUO-KU, TOKYO 103-6130 JAPAN
Note: This English translation is for reference purposes only. In the event of any discrepancy between the Japanese original and this English translation, the Japanese original shall prevail.
We assume no responsibility for this translation or for direct, indirect or any other form of damage arising from the translation.
(TSE, NSE: 8616) September 18, 2019
Projected Interim Dividend for the Fiscal Year Ending March 31, 2020
We, Tokai Tokyo Financial Holdings, Inc. ("the Company"), announce that the meeting of our Board of Directors held today passed a resolution regarding our projected interim dividend of surplus for the fiscal year ending March 31, 2020 as detailed below. The year-end dividend will be decided and notified after evaluating the Company's performance in the second half of the fiscal year ending March 31, 2020.
It is the Company's dividend policy to continue stable payment while taking into account such factors as 1) basic target payout ratio of 30 to 50%, 2) the interest rates on Japanese Government Bonds, and
the level of dividend yield to be achieved, with a view to encouraging the shareholders to possess the Company's shares for mid-to-long term period.
With regard to the interim dividend for the fiscal year ending March 31, 2020, we take into account our consolidated profit attributable to owners of parent (reference: our consolidated profit attributable to owners of parent decreased 83.5% year-on-year to ¥256 million for the three months ended June 30, 2019). In addition, we take availability of our consolidated shareholders' equity into consideration, and we intend to payout dividends to shareholders within the possible range.
Please note that the matter concerning the interim dividend in the end will be officially determined at the Board of Directors meeting to be held in October 2019.
Projected dividend for the
Actual dividend for the
current fiscal year
previous fiscal year
ending March 31, 2020
ended March 31, 2019
Record date: September 30, 2019
Interim dividend
4 yen as projected
12 yen
per share
Year-end dividend
To be decided
4 yen
per share
Annual total
To be decided
16 yen
(end)
Contact: +81-(0)3-3517-8618, Corporate Communications, Tokai Tokyo Financial Holdings, Inc.
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Tokai Tokyo Financial Holdings Inc. published this content on 18 September 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 September 2019 07:56:07 UTC
Tokai Tokyo Financial Holdings Inc is a Japan-based company primarily engaged in investment and financial service business. The Company is engaged in the purchase and sale of securities, the brokerage of securities, the underwriting, sale, public offering and private offering of securities, as well as other financial product transaction businesses and financial product-related businesses. The Company is also engaged in the provision of financing and fund management services for clients in overseas markets, including Asian, American and European financial markets.