Sumitomo Warehouse : Notice Regarding Receipt of Dividend from Consolidated Subsidiary
September 30, 2022 at 03:24 am EDT
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(Translation)
September 29, 2022
To whom it may concern,
Company name: The Sumitomo Warehouse Co., Ltd.
Representative: Takanori Ono, President
Security ID Code: 9303 (Prime Market of TSE)
Reference: Akihiko Hoshino, Managing Executive Officer, General Manager,
Finance & Accounting Department Tel: +81-6-6444-1183
Notice Regarding Receipt of Dividend from Consolidated Subsidiary
J-WeSco Ltd. ("J-WeSco"), a consolidated subsidiary of The Sumitomo Warehouse Co., Ltd. (the "Company"), resolved at its extraordinary general meeting of shareholders held today to distribute dividends from surplus, and the Company will receive a dividend from J -WeSco as follows.
1. Summary of Dividend
Dividend Resolution Date
Dividend Amount to Be
Expected Date of
Received by the Company
Dividend Receipt
September 29, 2022
6,084 million yen
September 30, 2022
2. Impact on Financial Results
In the non-consolidated financial statements for the fiscal year ending March 31, 2023, the Company will record 8,928 million yen as non-operating income, including 2,844 million yen in dividend income received from J-WeSco on June 30, 2022.
Since this is a dividend from a consolidated subsidiary, there will be no impact on the consolidated financial results for the fiscal year ending March 31, 2023.
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The Sumitomo Warehouse Co. Ltd. published this content on 29 September 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 September 2022 07:23:05 UTC.
Sumitomo Warehouse Co Ltd is a Japan-based company mainly engaged in the integrated logistics business. The Company operates through three business segments. The Logistics segment is engaged in the warehousing, harbor transportation, international transportation and land transportation, as well as the development of software related to its logistics business. The Marine Transportation segment is engaged in the freight transportation using ships, and the operation of marine transportation agents. The Real Estate segment is engaged in the trading, leasing and management of business offices and lands.