SG Holdings Co.,Ltd. Revises Dividend Guidance for the Fiscal Year Ending March 31, 2022
January 28, 2022 at 01:00 am EST
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SG Holdings Co. Ltd. revised dividend guidance for the fiscal year ending March 31, 2022. For fiscal year ending March 31, 2022, the company now expects to pay year-end dividend of JPY 26.00 per share compared with previously expected year-end dividend of JPY 21.00 per share.
The Company's basic policy on profit distribution is to maintain stable dividend payments, with a target consolidated payout ratio of 30%, while securing sufficient retained earnings for future business expansion and strengthening of the management structure. In accordance with the above basic dividend policy, and following the revision of its consolidated earnings forecasts, the Company has increased the year-end ordinary dividend forecast for the fiscal year ending March 31, 2022 by JPY 5 from the previous forecast, to JPY 46.
SG Holdings Co Ltd provides delivery business, logistics business and real estate business. The Company operates in three business segments. The Delivery segment provides hikyaku express courier, hikyaku large size courier service, mail service, specified letter service, art transport, delivery agent and food delivery. The Logistics segment provides distribution processing, logistics system construction, inventory storage and delivery management, international courier service and international air and sea transportation. The Real Estate segment provides real estate leasing and management, real estate development, asset management. The Company is also engaged in the transportation non-life insurance agency business, the sale of truck fuel, maintenance and sale of transportation vehicles, development and operation of logistics systems, provision of cash-on-delivery services for courier services, and the provision of human resources centered on work outsourcing in logistics facilities.