Nippn : Notice Concerning Distribution of Dividends from Surplus407 KB
May 11, 2023
Share
May 12,2023
Notice Concerning Distribution of Dividends from Surplus
NIPPN CORPORATION (the "Company") announces that at a meeting of the Board of Directors held on May 12, 2023, it passed a resolution regarding the distribution of dividends from surplus with a record date of March 31, 2023. Details are as follows. The Company will submit this matter to the 199th Ordinary General Meeting of Shareholders to be held on June 29, 2023.
1. Outline of dividends
Most recent dividend
Dividends in the previous
Amount determined
forecast
fiscal year
(Announced on May 13,
(ended March 31, 2022)
2022)
Record date
March 31, 2023
Same as left
March 31, 2022
Dividend per share
21.00 yen
19.00 yen
20.00 yen
Total dividends
1,640 million yen
-
1,539 million yen
Effective date
June 30, 2023
-
June 30, 2022
Source of dividends
Retained earnings
-
Retained earnings
2. Reason
The Company considers the return of profits to shareholders to be one of its most important management issues, and its basic policy is to maintain stable and sustainable dividends with a target payout ratio of 30% or more, while securing retained earnings, giving consideration to strengthening of the corporate structure, future business development, and the business environment.
Based on this basic policy, the Company has decided to pay a year-end dividend of 21 yen per share, up from the initial forecast of 19 yen per share, in order to respond to its shareholders' ongoing support, taking into consideration its consolidated business results for the fiscal year under review. As a result, the annual dividend will be 40 yen per share, including the interim dividend already paid.
(Reference) Breakdown of dividends
Dividend per share
End of 2nd quarter
End of fiscal year
Total
Dividends in the year ended March
21.00 yen
40.00 yen
31, 2023
19.00 yen
Dividends in the year ended March
20.00 yen
38.00 yen
31, 2022
18.00 yen
(Reference)
1. Changes in consolidated results
(Million yen)
Year ended
Year ended
Year ended
Year ended
Year ended
Year ending
March 2018
March 2019
March 2020
March 2021
March 2022
March 2023
Net sales
323,495
335,399
344,839
288,324
321,317
365,525
Operating income
10,060
11,222
11,101
10,370
11,282
12,288
Ordinary income
11,862
13,065
12,740
12,659
14,270
14,816
Profit attributable
7,651
8,455
8,941
8,636
9,327
10,260
to owners of parent
Payout ratio
31.5%
29.4%
29.1%
32.0%
31.3%
30.3%
(consolidated)
(Note) The figures for the fiscal year ended March 31, 2021 reflect those to which retrospective accounting has been applied due to accounting policy changes.
2. Changes in dividend per share
Attachments
Original Link
Original Document
Permalink
Disclaimer
Nippn Corporation published this content on 12 May 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 May 2023 00:48:04 UTC.
Nippn Corp, formerly Nippon Flour Mills Co Ltd, is a Japan-based company mainly engaged in the flour milling business and the food business. The Company operates in two business segments. The Flour Milling segment is mainly engaged in the manufacture and sale of wheat flour, bran, buckwheat flour and premix products. The Food segment is mainly engaged in the manufacture and sale of household wheat flour, premix, pasta, frozen food, prepared food and rice flour products. The Company is also engaged in the leasing of real estate, the manufacture and sale of pet food products, the design, manufacture and installation of equipment for food industry, the freight transportation business, the development of information processing systems, the sale of health food products, as well as the operation of donut shops.