Head of Group Company Business Development Department (TEL +81-3-6774-1603)
(URL https://ir.lifull.com/en/)
Notice of Dividend of Surplus
LIFULL Co., Ltd. (the "Company") hereby announces that a meeting of its Board of Directors held today resolved to distribute dividends from the retained earnings for the base date of September 30, 2021. This matter will be placed in the agenda of the 27th Ordinary General Meeting of Shareholders to be held on December 23, 2021, as follows:
1. Details of dividends
Amount Determined to
Most Recent
Dividend Paid for
be Distributed
Previous Term
Dividend
(Fiscal Year Ended
(Fiscal Year Ended
Forecast
September 30, 2021)
September 30, 2020)
Reference date
September 30, 2021
-
September 30, 2020
Dividend per share
3.62 yen
-
5.29 yen
Total amount of dividend
477 million yen
-
697 million yen
Effect date
December 24, 2021
-
December 24, 2020
Source of Dividends
Retained Earnings
-
Retained Earnings
2. Background of the Decision
In addition to placing emphasis on investments for future growth in order to ensure continued expansion of profitability through our proactive business endeavors as well as retaining a portion of earnings to strengthen our financial position, one of our priorities is to realize sizable returns for our shareholders. Therefore, we have set a target of 25% of net profit attributable to owners of the parent for dividends to be paid at the end of the current fiscal year.
As detailed in the "Notice of an Impairment Loss and a Difference Between the Consolidated Result Forecast and Actual Results for the Fiscal Year" released on November 11, 2021, a goodwill impairment loss of ¥9,749 million yen was posted for the Overseas segment for the previous fiscal year. However, considering that this impairment was a one-time loss due to outstanding circumstances, we have decided to exclude the impact for calculation of dividends. In addition, corporate income tax expenses for the current fiscal year decreased by ¥1,940 million due to the posting of deferred tax assets due to the reorganization of overseas subsidiaries. This will reduce future corporate tax payments resulting in increased cash during the current fiscal year. However, since it is a transaction that does not involve in-coming cash, we have excluded the effects from our calculations.
From the next fiscal year, dividends will be calculated by adding the decrease in tax expenses due to the reversal of the loss carried forward caused by the reorganization of the overseas subsidiary to the dividend resources.
In accordance with the above policy, it is planned that the dividend per share will be ¥3.62.
This agenda item will be submitted for approval at the 27th Ordinary General Meeting of Shareholders to be held on December 23, 2021.
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Lifull Co. Ltd. published this content on 17 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 November 2021 08:26:06 UTC.
LIFULL Co., Ltd. is a Japan-based company mainly engaged in the provision of real estate related information services. The Company has two business segments. The HOMEâS Related segment is engaged in the operation of the real estate information Website LIFULL HOME'S, the advertising agency business, the system development and Web production business, the provision of customer relationship management (CRM) services for real estate companies, and data management platform (DMP) service for developers, as well as the Internet marketing business. The Overseas segment is engaged in the operation of the aggregation site Trovit and overseas real estate information sites. The Company is also engaged in the operation of a series of Websites for nursing facilities searching, insurance shops searching and reservation, moving estimate and reservation, rental storage space information searching, as well as the insurance agency business and other businesses.