Notice regarding Distribution of Dividends from Surplus
SMS Co., Ltd. (the “Company”) hereby announces that, on May 18, 2020, 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, 2020 to the 17th Annual General Meeting of Shareholders scheduled to be held on June 19, 2020.
１．Details of Dividends
| Amount resolved | Latest dividend
forecast
(March 18, 2020) |
Dividends paid for the
previous fiscal year
(year ended March 31, 2019) |
|
| Record date | March 31, 2020 | March 31, 2020 | March 31, 2019 |
| Dividend per share | 8.5 yen | 8.5 yen | 7.5 yen |
| Total amount of dividends | 739 million yen | ― | 652 million yen |
| Effective date | June 22, 2020 | ― | June 20, 2019 |
| Source of dividends | Retained earnings | ― | Retained earnings |
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, 2020.
Consequently, the Company plans to pay a year-end dividend of 8.5 yen per share for the fiscal year ended March 31, 2020.