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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%.
For the fiscal year ended March 31, 2023, the Company is scheduled 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, 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.
Not applicable.
JVCKENWOOD resolved at a meeting of its Board of Directors held on April 27, 2023, to acquire treasury shares.
(1) Type of shares to be acquired: | Common shares of the Company |
(2) Total number of shares that may be acquired: | 12 million shares (maximum) Percentage of total shares issued (excluding treasury shares): 7.3% |
(3) Total acquisition cost of shares: | 4 billion yen (maximum) |
(4) Period of share acquisition: | From May 8, 2023 to September 29, 2023 |
(5) Method of share acquisition: | Market purchase on the Tokyo Stock Exchange |
Acquisition of common stock under Article 155(vii) of the Companies Act
Classification | Number of Shares (shares) |
Total Amount of Acquisition Price (yen) |
---|---|---|
Treasury stock acquired during the current fiscal year | 1,142 | 233,322 |
Treasury stock acquired between April 1, 2022 and May 31, 2022 | 137 | 24,658 |
Classification | During the current fiscal year | April 1, 2022 to May 31, 2022 | ||
---|---|---|---|---|
Number of Shares (shares) | Total Amount of Disposal Price (yen) | Number of Shares (shares) | Total Amount of Disposal Price (yen) | |
Acquired treasury stock for which subscribers were solicited | ― | ― | ― | ― |
Acquired treasury stock that was retired | ― | ― | ― | ― |
Acquired treasury stock that was transferred in association with merger, share exchange or corporate split | ― | ― | ― | ― |
Other(Sale of shares constituting less than one full unit) | ― | ― | ― | ― |
Number of treasury stocks held | 60,900 | ― | 61,037 | ― |
※ The number of treasury stocks acquired between April 1, 2022 and May 31, 2022 does not include shares less than one full unit purchased between June 1, 2022 and the date of submission of the annual securities report.
※ The number of treasury stocks acquired between April 1, 2022 and May 31, 2022 does not include shares less than one full unit purchased between June 1, 2022 and the date of submission of the annual securities report.