Kajima Corporation (the 'Company'), at the Board of Directors' Meeting held today, adopted a resolution on the submission of the proposal for the dividend of surplus with the record date of March 31, 2024 to the 127th Ordinary Stockholders' Meeting of the Company to be held on June 25, 2024.

Reason

The Company's basic policy is to allocate profits taking account of balance between growth investment and stockholder returns, with the aim of achieving sustainable growth and increasing corporate value, while maintaining financial soundness. Regarding dividends, the Company plans to pay dividends with a target payout ratio of 40%, as well as to flexibly contribute to stockholder returns by acquiring own shares and other means with consideration of business performance, financial condition and business environment.

In consideration of the aforementioned policy, and in light of the Company's business performance of the fiscal year ended March 31, 2024, the Company proposes a year-end dividend of JPY 55.00 per share. Accordingly, the annual dividend will be JPY 90.00 per share including the interim (end of second quarter) dividend of JPY 35.00 (the consolidated dividend payout ratio will be 37.7%).

Contact:

Shinichi Nagae

Tel: +81-(0)3-5544-1111

(C) 2024 Electronic News Publishing, source ENP Newswire