Notice Regarding Revision of Dividend Forecast
SMS Co., Ltd. (the “Company”) hereby announces that, on January 31, 2025, its Board of Directors has resolved to amend the dividend forecast for the fiscal year ending March 31, 2025 (the “Fiscal 2024”), as follows.
１．Reason for Revision of Forecast
The Company’s basic policy for profit distribution is to pay dividends in line with business results for each fiscal year, with a target consolidated dividend payout ratio of 30%, while prioritizing growth investment and considering the financial conditions. (However, this does not apply in the event of major investment opportunities such as M&A.)
Based on this policy, the Company has decided to return profits to shareholders in the form of dividend for this fiscal year.
As announced in the “Notice Regarding Revisions to Financial Results Forecast” released today (January 31, 2025), although we have decided to revise the financial results forecast downward, we have decided to revise the dividend forecast for the Fiscal 2024 to 28.5 yen (increased by 8.5 yen compared with the previous fiscal year) , which is equivalent to a consolidated dividend payout ratio of 30.4% based on the net income per share of 93.85 yen in the consolidated financial results forecast before the revision, and is equivalent to a consolidated dividend payout ratio of 40.2% based on the net income per share of 70.81 yen in the consolidated financial results forecast after the revision.
２．Details of Dividend Revision
| Dividend per share (JPY) | |||||
| End of Q1 | End of Q2 | End of Q3 | Year-End | Total | |
| Previous forecast | ― | ― | ― | ― | ― |
| Revised forecast | ― | ― | ― | 28.50 | 28.50 |
| Paid to date | ― | 0.00 | ― | ||
| Actual dividend for Fiscal 2023 | ― | 0.00 | ― | 20.00 | 20.00 |
Reference: Total payout ratio
The Company implements share repurchases flexibly, according to financial conditions and share price levels, and during the current fiscal year, it repurchased shares totaling 3,915,046,700 yen. Due to the revision of the dividend forecast and the share repurchases, the total payout ratio for the current fiscal year is expected to be 105.0%.