SPARX Group Co., Ltd. Revise A Year-End Dividend for the Fiscal Year Ending on March 31, 2024
January 31, 2024 at 02:00 am EST
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SPARX Group Co., Ltd. notify that the Board of Directors has resolved at its meeting held on January 31, 2024 to revise a year-end expected dividend per share for the fiscal year ending on March 31, 2024.Company has decided that
a year-end expected ordinary dividend to be JPY 66.00 per share for the year, which represents an increase of JPY 6.00 from the previous fiscal year's ordinary dividend of JPY 60.00 per share, considering the financial condition remains stable, increase in the Base Earnings, and so on. This matter shall be officially determined and the dividends will be paid out subject to the approval of the resolution of the 35th general shareholders' meeting that is scheduled to be held in June 2024.
SPARX Group Co., Ltd. is a Japan-based holding company mainly engaged in the asset management business. The Company is engaged in the asset management business for clients, including corporate pension annuities, government entities, private and trust banks and public pension funds; the provision of investment advisory services; the operation of mutual fund business, which includes the provision of various mutual funds to financial institutions and individual investors directly or through brokerage houses, banks and other intermediaries in Japan, Europe and the United States, as well as the securities business, including the provision of advisory services for investors. Through its subsidiaries, the Company is also engaged in the research and operation of foreign stocks, including Japanese, Korean and other Asian stocks.