News
Notice Regarding Dividend from Surplus
Aug 8, 2024
On August 8, 2024, the TechnoPro Holdings, Inc. Board of Directors has resolved to pay the year-end dividend to its shareholders of record as of June 30, 2024.
The resolution will be brought to a vote at its annual shareholders’ meeting scheduled on September 27, 2024.
1. Interim Dividend
| FY24.6 Year-end |
Latest forecast (announced August 7, 2023) |
FY23.6 Year-end | |
|---|---|---|---|
| Record date | June 30, 2024 | June 30, 2024 | June 30, 2023 |
| Dividend per share | ¥55.00 | ¥55.00 | ¥50.00 |
| Total dividend amount | ¥5,827 million | — | ¥5,362 million |
| Effective date | September 30, 2024 | — | September 29, 2023 |
| Source of payment | Retained earnings | — | Retained earnings |
2. Reason
TechnoPro Holdings, Inc.’s basic capital policy is to distribute profits, linked to business performance, to its shareholders at the dividend payout ratio of 50% or higher, as well as to maximize its shareholder value over the medium and long term by investing in the growth areas, including sustainable growth of engineering professional services, acceleration of solution business, promotion of engineer training business, commercialization of DX promotion business, global expansion and M&A activities in an effort to create value by realizing investment return beyond cost of capital.
Based on this basic stance and comprehensive consideration of the current business performance and financial conditions, TechnoPro Holdings declared a year-end dividend of ¥55.00 per share for the fiscal year ended June 30, 2024, the same amount as in the latest forecast (total annual dividend of ¥80.00 per share, including interim dividend of ¥25.00: annual dividend payout ratio of 58.2%).
(Reference) Annual dividend
| Dividend per share | |||
|---|---|---|---|
| Interim | Year-end | Total | |
| FY24.6 | ¥25.00 | ¥55.00 | ¥80.00 |
| FY23.6 | ¥25.00 | ¥50.00 | ¥75.00 |
(Note on translation)
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