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May 17, 2024
OKASAN SECURITIES GROUP INC.
Notice regarding Dividends from Retained Earnings
Okasan Securities Group Inc. is pleased to announce that at a meeting of its Board of Directors held today, the Group adopted a resolution regarding dividends from retained earnings with a base date of March 31, 2024 as follows.
1. Details of Dividends
| Determined amount | More recent estimates (Announced on March 25, 2024) |
Dividends for FY ended March 2023 (results for the previous year) |
|
|---|---|---|---|
| Base date | March 31, 2024 | Same as on the left | March 31, 2023 |
| Dividends per share | 30 yen | 30 yen | 20 yen (Ordinary dividend 10 yen) (Commemorative dividend 10 yen) |
| Total dividends | 6,097 million yen | - | 4,102 million yen |
| Effective date | June 6, 2024 | - | June 8, 2028 |
| Dividend resource | Retained Earnings | - | Retained Earnings |
2. Reasons
Okasan Securities Group Inc. recognizes that returning profits to shareholders is an important responsibility of management. The Company distributes profits in light of performance, based on a fundamental policy of maintaining stable dividends. In addition, the Company has identified total shareholder return ratio of over 50% as target indicator for shareholder return, in order to achieve a balance between growth and return and to improve capital efficiency. The Company implemented total amount of approximate 2,000 million yen of purchase of treasury shares in this fiscal year. Based on the above, Okasan Securities Group Inc. set year-end dividends for the fiscal year ending March 2024 at 30 yen per share.
The Company did not implement an interim dividend in the fiscal year.
(Reference) Breakdown of the Dividends
| Dividends per share | |||
|---|---|---|---|
| Base date | Interim | Year-end | Total |
| Fiscal year ended March 31, 2024 | - | 30 yen | 30 yen |
| Fiscal year ended March 31, 2023 | - | 20 yen (Ordinary dividend 10 yen) (Commemorative dividend 10 yen) |
20 yen |