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