Notice regarding Distribution of Dividends from Surplus

• IR

　SMS CO., LTD. (the “Company”) hereby announces that, on May 13, 2019, 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, 2019 to the 16th Annual General Meeting of Shareholders scheduled to be held on June 19, 2019.

１．Details of Dividends

(Note) The Company conducted a two-for-one stock split of its common shares on July 1, 2018. The dividend for the year ended March 2018 (FY2017) indicated above is the actual dividend before the said stock split. The annual dividend per share for FY2017 was 6.5 yen when converted into the amount based on the number of the issued shares after the stock split.

２．Reason

　The Company’s basic policy is to place the 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, 2019.
　Consequently, the Company plans to pay a year-end dividend of 7.5 yen per share for the fiscal year ended March 31, 2019.

Notice regarding Distribution of Dividends from Surplus