Relo Holdings, Inc. Revised Dividend Guidance for Fiscal 2016 Payable on June 24, 2016
May 12, 2016 at 11:00 am EDT
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Relo Holdings, Inc. revised dividend guidance for fiscal 2016. The company resolved to pay dividend of ¥150 per share from retained earnings for the date of record on March 31, 2016. Previously the company estimated to pay dividend of ¥141 per share from retained earnings for the date of record on March 31, 2016. The payable date is June 24, 2016. The company regards profit distribution to shareholders as one of its most important issues. The basic policy of the company is to pay dividends in line with its consolidated business results, with a dividend payout ratio of around 30% as the target. Under this policy, with the results exceeding the initial forecast, the company has revised its dividends up ¥9 per share from the previous dividend estimate.
Relo Group Inc is engaged the provision of outsourcing services in the field of corporate welfare, as well as the rental management business and hotel management business. The Company operates in five business segments. The Domestic Relocation segment is involved in the provision of leasing company housing management outsourcing services, and the rental real estate management & brokerage business. The Welfare segment is involved in the provision of welfare agency services, customer benefit agency services, and home rush services. The Transfer Support segment provides the overseas assignment support, inbound support, expatriate staff regulations and treatment consulting services. The Overseas segment provides assignment management services for global companies, as well as overseas local services. The Tourism segment is involved in the holiday home time sharing business and hotel management business. The Company also conducts financial-related businesses of its core businesses.
RELO GROUP, INC. 
