SKYLARK HOLDINGS CO., LTD. (the "Company") hereby announces that at the Board of Directors Meeting held on May 21, 2021, the Company reached a resolution not to pay an interim dividend for shareholders as of June 30, 2021.
1. Details of dividends
Actual dividends for the
Amount decided
Latest dividend forecast
previous fiscal year
(announced on May 14, 2021)
(interim dividend for fiscal
year ended December 2020)
Base date
June 30, 2021
Same as on the left
June 30, 2020
Dividend per share
0.00yen
TBD
0.00yen
Total dividends
－
－
－
Effective date
－
－
－
Funds for dividends
－
－
－
2. Reasons
The Company's basic policy is to continue to pay dividends to shareholders targeting 30% of its Adjusted Net Income while securing internal reserves in preparation for future business development and capital investment for improving corporate value.
Regarding the interim dividend for shareholders as of June 30, 2021, the Company had announced that the payment of an interim dividend had not yet been determined on May 14, 2021, but has decided today not to pay an interim dividend due to the recording of a net loss for the first quarter of 2021 and in consideration of the extension of the third State of Emergency for COVID-19 which has contributed to an operating environment in which it may be difficult for the Company to significantly improve business performance before the end of the second quarter of 2021.
With respect to the payment of a year-end dividend, the Company has not yet made any decisions but will make an announcement once the matter has been decided.
(Reference) Detail of annual dividend
Dividend per share (yen)
Base date
End of the second quarter
End of fiscal year
Total
Current fiscal year
0.00yen
TBD
TBD
(Ended December 2021)
Previous fiscal year
0.00yen
0.00yen
0.00yen
(Ended December 2020)
End
Attachments
Original document
Permalink
Disclaimer
Skylark Co. Ltd. published this content on 21 May 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 May 2021 06:32:05 UTC.
Skylark Holdings Co Ltd, former Skylark Co Ltd is primarily engaged in the restaurant business and also engaged in the development of businesses such as food sales and support for group companies. In the restaurant business, in addition to developing family restaurants and buffets in Japan and selling food products, The Company also develops restaurants overseas. The restaurant brands include Gusto, Bamiyan, Syabuyo, Jonathan's, Yumean, Steak Gusto, Karayoshi, Aiya, Musashi No Mori Coffee, Grazie Gardens, Totoyamichi, chawan, Tonkaratei, La Ohana and others. Other businesses include food sales, food delivery, store cleaning and maintenance, store product delivery, and linen supply support businesses for group companies.
SKYLARK HOLDINGS CO., LTD. 
