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Shareholder Returns
Shareholder Return Policy
JVCKENWOOD considers the stable distribution of profits to shareholders and the securing of management resources for future growth to be one of its most important management issues. Accordingly, it has set the total payout ratio as an indicator of shareholder return, taking into consideration its overall profitability and financial condition. In addition to dividends based on business performance, the Company will flexibly repurchase treasury stock, considering the balance between the use of capital for medium- to long-term profit growth and the effects of improving capital efficiency, and will provide stable profit returns to shareholders with a target total payout ratio of 30 - 40%.
Dividends Information (Revised on May 15, 2024)
As stated in "Appropriation of Surplus" announced on May 15, 2024, JVCKENWOOD has set the year-end dividend of 12 yen per share (regular dividend of 12 yen) for the fiscal year ended March 31, 2024, based on the profit performance and the above dividend policy.
For the fiscal year ending March 31, 2025, the Company will strive to improve the business performance and financial condition and will increase the annual dividend forecast by 1 yen to the year-end dividend of 13 yen per share (interim dividend of 5 yen and year-end dividend of 8 yen) based on the above policy.
Changes in dividend per share (yen)
Status of share repurchases
1. Status of share repurchases based on resolution approved at the General Meeting of Shareholders
Not applicable.
2. Status of share repurchases based on resolution approved by the Board of Directors
The Company’s Board of Directors approved a resolution regarding the share repurchases at a meeting of the Board of Directors held on April 27, 2023, and completed the share repurchases as follows.
| (1) Type of shares to be repurchased: | Common shares of the Company |
| (2) Total number of shares repurchased: | 7,914,000 shares |
| (3) Total cost of share repurchases: | 3,999,988,800 yen |
| (4) Period of share repurchases: | From May 10, 2023 to June 8, 2023 (based on the date of delivery) |
| (5) Method of share repurchases: | Market purchase on the Tokyo Stock Exchange |
The Company's Board of Directors approved a resolution regarding the share repurchases at a meeting of the Board of Directors held on October 31, 2023, and completed the share repurchases as follows.
| (1) Type of shares to be repurchased: | Common shares of the Company |
| (2) Total number of shares repurchased: | 3,690,000 shares |
| (3) Total cost of share repurchases: | 2,499,939,100 yen |
| (4) Period of share repurchases: | From November 6, 2023 to December 26, 2023 (based on the date of delivery) |
| (5) Method of share repurchases: | Market purchase on the Tokyo Stock Exchange |
3. Share repurchases not based on a resolution approved at the General Meeting of Shareholders or by the Board of Directors
Share repurchases under Article 155(vii) of the Companies Act
| Classification | Number of Shares (shares) |
Total Amount of Acquisition Price (yen) |
|---|---|---|
| Shares repurchased during the fiscal year ended March 2024 | 2,616 | 1,614,880 |
| Shares repurchased between April 1, 2024 and May 31, 2024 | 121 | 104,490 |
4. Status of disposition and holding of repurchased shares
| Classification | During the fiscal year ended March 2024 | April 1, 2024 to May 31, 2024 | ||
|---|---|---|---|---|
| Number of Shares (shares) | Total Amount of Disposal Price (yen) | Number of Shares (shares) | Total Amount of Disposal Price (yen) | |
| Repurchased shares for which subscribers were solicited | ― | ― | ― | ― |
| Repurchased shares that were retired | ― | ― | ― | ― |
| Repurchased shares that were transferred in association with merger, share exchange or corporate split | ― | ― | ― | ― |
| Other（Sale of shares constituting less than one full unit） | ― | ― | ― | ― |
| Number of treasury shares held | 11,669,408 | ― | 11,669,529 | ― |
