Ichibanya Co., Ltd. announced that Board of Directors has resolved at a meeting on April 4, 2025 to change dividend policy as follows. The Company's basic policy on profit distribution to shareholders has been based on "aiming for sustainable dividend growth" and maintaining a high level of dividend payout ratio and ratio of dividends to net assets. However, in order to promote investment in growth areas and maintain stable dividends to shareholders, the Company will change its dividend policy as follows.
Before amendments: The Company's basic policy on profit distribution to shareholders is based on an orientation toward sustainable dividend growth, while paying attention to trends in business performance and the level of retained earnings. Meanwhile, internal reserves will be saved to prepare for various risks surrounding management, and will be invested in new store openings, renovations of existing stores, production facilities, new businesses, and overseas expansion, etc., in order to further improve business performance. After amendments: Based on basic policy of "providing stable dividends over the long term," the company has set the minimum annual dividend per share at JPY 16 and will distribute profits while maintaining a balance with investments for growth to realize vision of becoming a "food entertainment company," which is the goal set forth in the "ICHIBANYA's Long-Term Vision 2030." On the other hand, the company intend to use retained earnings to invest in the opening of new stores, renovation of existing stores, further development of overseas business, and development of new business categories through &A, etc., in order to further increase corporate value.
