Dividend Policy

Capital policy

The fundamental policy of the Press Kogyo Group is to aim for sustainable growth and to increase corporate value over the medium- to long-term through business activities, while maintaining the necessary level of shareholders’ equity and providing sustainable and stable returns to shareholders.

01.Maintenance of necessary shareholders’ equity level
Financial soundness shall be ensured by comprehensively considering investment for growth, the ability to respond to operational risks, maintenance of ratings, etc.
02.Dividend policy
The dividend amount for each period is determined by comprehensively considering performance and capital demands, among other factors. The frequency of dividend payments shall be twice a year, in principle.
03.Acquisition of treasury shares, etc.
Changes in the business environment will be responded to flexibly, and financial measures leading to increased corporate value, such as the acquisition or cancelation of treasury shares, will be implemented.

Capital policy targets and approach

Shareholder Returns
1.Total Return Ratio:Maintain 60% or higher
2.Annual dividend(FY2024-FY2028):Commit to 32yen or higher per share.
3.DOE(FY2024-FY2028):Aim for 3.0% or higher
Capital Structure
1.Financial soundness
 Aim to achieve credit rating of A- or higher and leverage interest-bearing debt as necessary,while maintaining financial discipline.
2.Shareholder’s equity ratio
 Maintain 50%~55%
3.Cash
 Secure 1.2 worth of revenue        

Dividend

(Unit: yen)

  FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Annual dividends per share
(Interim dividends per share)
20.00
(9.50)
21.00
(10.50)
26.00
(13.00)
32.00
(13.00)
33.00
(Forecast)
(16.00)
Total return ratio 46.9% 46.6% 45.0% 76.9% 71.4%
(Forecast)

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