Press Release
5-1, NIHONBASHI 2-CHOME, CHUO-KU, TOKYO 103-6130 JAPAN
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(TSE, NSE: 8616)
March 18, 2019
Projected Year-end Dividend for the Fiscal Year Ending March 31, 2019
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 year-end dividend of surplus for the fiscal year ending March 31, 2019 as detailed below.
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 3) 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 year-end dividend for the fiscal year ending March 31, 2019, we take into account our consolidated profit attributable to owners of parent (Reference: our consolidated profit attributable to owners of parent decreased 93.8% year-on-year to ¥1,354 million for the nine months ended December 31, 2018). 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 we will bring up the matter for discussion at the 107th Annual General Meeting of Shareholders scheduled to be held in late June this year.
Projected dividend for the current fiscal year ending March 31, 2019 | Actual dividend in the previous fiscal year ended March 31, 2018 | |
Year-end dividend per share | 4 yen (projected) | 24 yen |
Interim dividend per share | 12 yen | 14 yen |
Annual total | 16 yen (projected) | 38 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 March 2019 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 18 March 2019 09:49:09 UTC