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Shareholder Returns
Shareholder Return Policy
JVCKENWOOD considers the stable distribution of profits to shareholders and the securing of management resources for future growth to be one of its most important management issues. Accordingly, it has set the total payout ratio as an indicator of shareholder return, taking into consideration its overall profitability and financial condition. In addition to dividends based on business performance, the Company will flexibly repurchase treasury stock, taking into account the balance between the use of capital for medium- to long-term profit growth and the effects of improving capital efficiency, and will provide stable profit returns to shareholders with a target total payout ratio of 30 - 40%.
Dividends Information (Revised on May 15, 2023)
For the fiscal year ended March 31, 2023 (FY2022), the Company is decided to distribute a year-end dividend of 12 yen per share (ordinary dividend: 7 yen, special dividend: 5 yen) based on the above return policy and profit performance in FY2022.
For the fiscal year ending March 31, 2024 (FY2023), the Company forecast a year-end dividend of 8 yen per share (ordinary dividend) for the full year as striving to improve its business performance and financial condition and based on the above return policy.
Status of share repurchases
1. Status of share repurchases based on resolution approved at the General Meeting of Shareholders
Not applicable.
2. Status of share repurchases based on resolution approved by the Board of Directors
The Company’s Board of Directors approved a resolution regarding the share repurchases at a meeting of the Board of Directors held on April 27, 2023, and completed the share repurchases as follows.
| (1) Type of shares to be repurchased: | Common shares of the Company |
| (2) Total number of shares repurchased: | 7,914,000 shares (Ratio to the total number of shares issued and outstanding (excluding treasury shares): 4.8%) |
| (3) Total cost of share repurchases: | 3,999,988,800 yen |
| (4) Period of share repurchases: | From May 10, 2023 to June 8, 2023 (based on the date of delivery) |
| (5) Method of share repurchases: | Market purchase on the Tokyo Stock Exchange |
3. Share repurchases not based on a resolution approved at the General Meeting of Shareholders or by the Board of Directors
Share repurchases under Article 155(vii) of the Companies Act
| Classification | Number of Shares (shares) |
Total Amount of Acquisition Price (yen) |
|---|---|---|
| Shares repurchased during the fiscal year ended March 2023 | 1,992 | 549,482 |
| Shares repurchased between April 1, 2023 and May 31, 2023 ※ | 587 | 279,109 |
4. Status of disposition and holding of repurchased shares
| Classification | During the fiscal year ended March 2023 | April 1, 2023 to May 31, 2023 | ||
|---|---|---|---|---|
| Number of Shares (shares) | Total Amount of Disposal Price (yen) | Number of Shares (shares) | Total Amount of Disposal Price (yen) | |
| Repurchased shares for which subscribers were solicited | ― | ― | ― | ― |
| Repurchased shares that were retired | ― | ― | ― | ― |
| Repurchased shares that were transferred in association with merger, share exchange or corporate split | ― | ― | ― | ― |
| Other（Sale of shares constituting less than one full unit） | ― | ― | ― | ― |
| Number of treasury shares held | 62,792 | ― | 7,977,379 | ― |
※ The number of shares repurchased between April 1, 2023 and May 31, 2023 does not include shares less than one full unit purchased between June 1, 2023 and the date of submission of the annual securities report.
※ The number of shares repurchased between April 1, 2022 and May 31, 2022 does not include shares less than one full unit purchased between June 1, 2023 and the date of submission of the annual securities report.