Notice regarding Distribution of Dividends from Surplus
SMS Co., Ltd. (the “Company”) hereby announces that, on May 23, 2023, its Board of Directors has resolved to submit a proposal for the distribution of dividends from surplus with a record date set at March 31, 2023 to the 20th Ordinary General Meeting of Shareholders scheduled to be held on June 23, 2023.
１．Details of Dividends
| Amount resolved | Latest dividend
forecast
(March 27, 2023) |
Dividends paid for the
previous fiscal year
(year ended March 31, 2022) |
|
| Record date | March 31, 2023 | March 31, 2023 | March 31, 2022 |
| Dividend per share | 15 yen | 15 yen | 10.5 yen |
| Total amount of dividends | 1,307 million yen | ― | 915 million yen |
| Effective date | June 26, 2023 | ― | June 27, 2022 |
| Source of dividends | Retained earnings | ― | Retained earnings |
２．Reason
The Company’s basic policy is to place priority on growth investments, while taking the financial conditions into account when determining dividend payouts to its shareholders.
Based on this policy, the Company has decided to return profits to shareholders in the form of dividends for the fiscal year ended March 31, 2023. Consequently, the Company plans to pay a year-end dividend of 15 yen per share for the fiscal year ended March 31, 2023.