ZOZO : Notice concerning revision of year-end dividend forecast
April 27, 2021 at 02:19 am EDT
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April 27, 2021
Dear All,
Notice concerning revision of year-end dividend forecast
ZOZO, Inc. made a resolution at the Board of Directors held today to revise its dividend forecast per share. Details are as follows:
1. Reasons for the revision
As for profit return to shareholders, our group has the basic policy for deliberating and implementing profit return by balancing internal reserve through comprehensive consideration of the followings: business performance, financial status, future business and investment plans. Specifically,we set a consolidated payout ratio target of approximately 40%.
In the "Notice concerning revision of consolidated business forecast and year-end dividend" which was announced on January 29, 2021, we had forecasted 38 yen per share for year-end dividend. However, we have revised this dividend to 41 yen per share after comprehensive consideration of business performance of this fiscal year, future business and investment plans, and other factors.
We will continue to enhance corporate value and reinforce financial structure, and decide the amount of internal reserve and profit return by taking future business expansion etc. into consideration.
2. Details of the revision
Annual dividends
End of Q2
Year-end
Total
Previous forecast
23.00yen
38.00yen
(Announced on January 29, 2021)
Revised forecast
26.00yen
41.00yen
Current fiscalyear results
15.00yen
Previous fiscalyear results
12.00yen
18.00yen
30.00yen
(FYE March 2020)
DISCLAIMER:
This document is summary translation of Japaneseversion.All readers are recommended to refer the original Japaneseversion for complete information. In the event of any discrepancy, errors and/or omissions, the Japaneseversion shall prevail.
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Start Today Co. Ltd. published this content on 27 April 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 April 2021 06:18:02 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. 
