• March 6, 2024
  • Press Release
  • Company Name: Capcom Co., Ltd.
    Representative: Haruhiro Tsujimoto, President and COO
    (Code No. 9697 TSE Prime)
    Contact: Ryohei Okada, Senior Manager of
    Public Relations and Investor Relations Section
    Phone Number: +81-6-6920-3623

Notice Regarding Dividends from Retained Earnings (Upward Revision)

Capcom Co., Ltd. ("Capcom") announces that it has made the following revision to the forecast for dividends from retained earnings (year-end dividend) for the fiscal year ending March 31, 2024 (April 1, 2023 – March 31, 2024) that was disclosed on May 10, 2023.

1. Regarding the Revision to the Dividend Forecast

i. Revision Details

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  Dividend per share
Record date Interim dividend
End of 2nd quarter
Year-end dividend
End of fiscal year
Full-year dividend
Previous forecast
(May 10, 2023)
¥27 ¥54
Revised forecast ¥38 ¥65
Current year
(Year ending March 31, 2024)
Previous year
(Year ended March 31, 2023)
¥23 ¥40 ¥63


1. As detailed in the March 6, 2024 announcement entitled "Notice Regarding Stock Split and Associated Partial Amendment to the Articles of Incorporation," Capcom will implement a stock split in which each share of common stock will be split into two shares with an effective date of April 1, 2024; however, the year-end dividend for the fiscal year ending March 31, 2024 will be paid on the basis of the number of shares prior to the stock split.

2. The year-end dividend of ¥40 for the fiscal year ended March 31, 2023 includes a ¥30 40th anniversary commemorative dividend of ¥10.

ii. Reason

Capcom management sees returning profits to shareholders as an issue of the utmost importance; thus, with consideration given to future business developments and changes in the management environment, we strive to pay stable dividends with a consolidated dividend payout ratio of 30% as our basic policy.

Based on the above-stated policy and in consideration of having secured both the necessary investment for enhancing corporate value as well as a healthy financial position, from the perspective of shareholder returns based on cash flow, we have decided to increase the year-end dividend forecast for the fiscal year ending March 31, 2024 by ¥11 per share compared to the ¥27 per share amount of the previous forecast, resulting in a dividend of ¥38 per share.

With this change, and together with the interim dividend (¥27 per share), the full-year dividend will be ¥65 per share.

This matter is scheduled to be brought up for resolution at the 45th Ordinary General Meeting of Shareholders, scheduled to convene in June 2024.

Note: The dividend forecast in this document is based on information available as of the date of this announcement, and actual dividends may differ from the forecast due to various factors.