ValueCommerce Co., Ltd. ("the Company") announced that, at the meeting of its Board of Directors held on January 29, 2020, it has declared dividend payable to the shareholders whose record date was December 31, 2019. Details are as follows.
The articles of incorporation of the Company provide that the meeting of Board of Director of the company is authorized to resolve the payment of dividends in accordance with the provision of paragraph (1) of Article 459 of the Companies Act.
1. Details of Dividends
FY 2019
Most recent dividend forecast
FY 2018
(Announced on
Year-end dividend
Year-end dividend
December 13, 2019)
Record date
December 31, 2019
Same as at left
December 31, 2018
Dividend per share
¥19.00
Same as at left
¥18.00
Total dividend amount
¥613 million
―
¥581 million
Effective date
March 9, 2020
―
March 11, 2019
Source of funds for
Retained earnings
―
Retained earnings
dividend
2. Reason
Considering a shareholder return policy as one of the most important managerial issues, the Company has established its minimum target dividends payout ratio of 30% on the company's consolidated profits in each fiscal year, while retaining certain earnings for our future growth.
(Reference) Breakdown of annual dividend
Dividend per share
Total dividend
Payout ratio
amount
Interim
Year-end
Total
(Consolidated)
(Annual)
Yen
Yen
Yen
Million Yen
%
FY2019
14.00
19.00
33.00
1,065
31.9
FY2018
7.00
18.00
25.00
806
30.9
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Disclaimer
ValueCommerce Co. Ltd. published this content on 29 January 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 January 2020 10:54:01 UTC
ValueCommerce Co Ltd is a Japan-based company engaged in the development of businesses that provide effective marketing solutions from attracting customers to retaining customers in order to maximize the performance of commerce businesses. The Company operates in two business segments. The Marketing Solution segment provides solutions centered on attracting customers to electronic commerce (EC) sites of commerce businesses. The main service is performance-based advertising affiliate. The EC Solution segment provides solutions centered on sales promotion on the EC site of commerce companies. The main services are the CRM tool Stores R8 for online mall stores and the pay-per-click advertisement Store Match.