ZOZO, Inc. (hereinafter, referred to as the "Company") made a resolution at the Board of Directors held on May 19, 2021, to submit a proposal of the dividends of surplus with the record date of March 31, 2021 to the Company's 23rd Ordinary General Meeting of Shareholders, scheduled on June 25, 2021.
1. Details of dividends
Most recent dividend
Dividends paid for
Amount resolved
forecast (announced on
preceding fiscal year
April 27, 2021)
(FYE March 31, 2020)
Record Date
March 31, 2021
Same as on the left
March 31, 2020
Dividend per share
26.00 yen
Same as on the left
18.00 yen
Total dividends
7,939 million yen
-
5,495 million yen
Effective date
June 28, 2021
-
June 30, 2020
Cash dividends
Retained earnings
-
Retained earnings
2. Reason
The Company recognizes that maximization of shareholders profit is one of the management objectives, and in regard with profit return to shareholders, the Company has the basic policy for deliberating and implementing profit return by balancing internal reserve through comprehensive consideration of business performance, financial status, future plans of business and investment. For the current consolidated fiscal year, a year-end dividend will be 26.00 yen per share, based on a consolidated dividend payout ratio target of 40%. Also, as of April 27, 2021, the Company changed its dividend policy and decided to raise the consolidated dividend payout ratio target from 40% to 50%. Therefore, we plan to pay an annual dividend of 55 yen per share for the next fiscal year, based on a payout ratio of 50%.
(Reference) Breakdown of annual dividends
Dividend per share (yen)
Record date
End of Q2
Year-end
Annual
Forecasts for FYE March 31, 2022
22.00
33.00
55.00
Results for FYE March 31, 2021
15.00
26.00
41.00
Results for FYE March 31, 2020
12.00
18.00
30.00
DISCLAIMER: This document is summary translation of Japanese version. All readers are recommended to refer the original Japanese version for complete information. In the event of any discrepancy, errors and/or omissions, the Japanese version shall prevail.
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Start Today Co. Ltd. published this content on 19 May 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 19 May 2021 06:01:00 UTC.
ZOZO, Inc., formerly START TODAY CO., LTD. is a Japan-based company engaged in the E-commerce (EC) business which operates Internet shopping Websites. The Companyâs business includes ZOZOTOWN business, PB business, BtoB business, advertising business and other business. The ZOZOTOWN business consists of the purchasing shop, contracted shop and ZOZOUSED business. PB business sells the Company-designed apparel products tailored to the individual shape of the users. The B to B business supports various fulfillment related businesses, such as system development, design production, logistics contracting, marketing support of EC sites operated independently by apparel makers. The advertising business uses ZOZOTOWN and WAR's user reach base to provide advertising space to client brands and advertising agencies and earns advertising revenue. The others business includes business associated with ZOZOTOWN, such as paid member revenue, shipping income and settlement fee income.
ZOZO, INC. 
