Yokowo Co., Ltd.

IR Information

Stock Information
Dividends and Return to Shareholders

Basic Policy for Dividends

The Company views the strengthening of returns to shareholders as an important task for management. For dividend distribution, the basic policy for fiscal years lies in stable and continuous distribution of dividends after retained earnings are taken into consideration, for the purposes of investments in production facilities in growing business fields, in technological developments in new business areas, and in tapping new markets.

Dividends

With respect to the full-year consolidated financial results for the 83rd term under review, operating income, ordinary income and profit attributable to owners of parent all reached record highs, mainly reflecting an improvement in profitability achieved by the Vehicle Communication Equipment segment, although net sales were slightly lower than the year-ago level partly due to the global spread of COVID-19.
We increase the year-end dividend per share for the fiscal year under review to \20 (an increase of \4 per share from the most recent dividend forecast), comprehensively taking into account the return of record high profit to shareholders, demand for funds after the next fiscal year and the securing of financial stability, and we have decided to submit this to the 83rd annual general meeting of shareholders to be held on June 24, 2021.
With the payment of an interim dividend of ¥16 per share for this fiscal year, the Company's full-year dividend is ¥36 per share (consolidated payout ratio of 19.5%).
With respect to dividends for 84th term, the Company expects to pay \36 per share for annual dividends (interim dividend of \18, year-end dividend of \18 and 20.6% in terms of expected consolidated payout ratio) . (announced on May 14, 2021)

(UNIT: yen per share)
Interim Year end Total Consolidated dividend payout ratio
84th (4/2021~3/2022) 18(E) 18(E) 36(E) 20.6%(E)
Dividends change
Interim Year end Total Consolidated dividend payout ratio
83rd (4/2020~3/2021) 16 20 36 19.5%
82nd (4/2019~3/2020) 14 16 30 17.7%
81st (4/2018~3/2019) 12 14 26 23.8%
80th (4/2017~3/2018) 8 14 22 19.0%
79th (4/2016~3/2017) 6 12 18 15.1%
78th (4/2015~3/2016) 6 8 14 67.9%
77th (4/2014~3/2015) 4 10 14 17.4%
76th (4/2013~3/2014) 4 5 9 28.6%
75th (4/2012~3/2013) 4 5 9 30.1%
74th (4/2011~3/2012) 3 6 9 52.8%
73rd (4/2010~3/2011) 9 9 18 61.4%
72nd (4/2009~3/2010) 6 9 15 36.6%
71st (4/2008~3/2009) 9 3 12 -
70th (4/2007~3/2008) 9 9 18 93.1%
69th (4/2006~3/2007) 9 9 18 26.4%
68th (4/2005~3/2006) 7 9 16 26.2%
67th (4/2004~3/2005) 7 7 14 21.6%
66th (4/2003~3/2004) 6 6 12 13.9%
65th (4/2002~3/2003) 4 4 8 34.5%
64th (4/2001~3/2002) 4 4 8 97.3%