SG : Notice Concerning Revision of Dividend Forecast
April 30, 2021 at 11:34 am IST
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April 30, 2021
NEWS RELEASE
Company name:
SG Holdings Co., Ltd.
Representative:
Hideo Araki, President and COO
(Code number: 9143 TSE 1st Section)
Inquiries:
Shunichi Nakajima, Director
(Finance and Accounting)
(TEL +81 75-693-8850)
Notice Concerning Revision of Dividend Forecast
SG Holdings Co., Ltd. (the "Company") hereby announces that, in the light of recent trends in earnings and other matters, it has revised the dividend forecast for the fiscal year ending March 31, 2021, disclosed on January 29, 2021, as detailed below.
Revision of dividend forecast for fiscal year ending March 31, 2021
(1) Details of revision
Dividend per share (yen)
Second quarter end
Fiscal year end
Total
Previous forecast
16.00 yen
-
(On pre-stock split basis)
(32.00 yen)
Revised forecast
17.00 yen
-
(On pre-stock split basis)
(34.00 yen)
Current year result
36.00 yen
Reference: Results for
the fiscal year ended
22.00 yen
22.00 yen
44.00 yen
March 31, 2020
*Because a split of common stock on a 2-for-1 basis was executed on November 1, 2020, actual dividends at the end of the second quarter of the current fiscal year, and for the previous fiscal year, are based on the amounts obtaining before this stock split.
*Dividends at the end of the second quarter of the current fiscal year included a special dividend of 10.00 yen.
(2) Reasons for revision
The Company's basic policy on profit distribution is to maintain stable dividend payments, with a target consolidated payout ratio of 30%, while securing sufficient retained earnings for future business expansion and strengthening of the management structure.
In accordance with the above basic dividend policy, and following the revision of its consolidated earnings forecasts, the Company has increased the year-end ordinary dividend forecast for the fiscal year ending March 31, 2021 by 1 yen from the previous forecast, to 17 yen.
The earnings forecasts and dividend forecasts contained in this document are calculated based on information available at the time of the publication of the document, and actual results may differ from these figures.
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SG Holdings Co. Ltd. published this content on 30 April 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 April 2021 06:03:22 UTC.
SG Holdings Co Ltd provides delivery business, logistics business and real estate business. The Company operates in three business segments. The Delivery segment provides hikyaku express courier, hikyaku large size courier service, mail service, specified letter service, art transport, delivery agent and food delivery. The Logistics segment provides distribution processing, logistics system construction, inventory storage and delivery management, international courier service and international air and sea transportation. The Real Estate segment provides real estate leasing and management, real estate development, asset management. The Company is also engaged in the transportation non-life insurance agency business, the sale of truck fuel, maintenance and sale of transportation vehicles, development and operation of logistics systems, provision of cash-on-delivery services for courier services, and the provision of human resources centered on work outsourcing in logistics facilities.