On the 13th, Heiki Marine Shipping <9362> announced a change in dividend policy and the distribution of surplus funds based on March 31, 2024. This matter is scheduled to be submitted to the 81st regular shareholders' meeting to be held on June 27, 2024.

The revised dividend policy stipulates that a stable and proactive dividend will be paid taking into account the company's performance and future business expansion. In addition, while prioritizing stable dividends, if EPS (earnings per share) exceeds 100 yen per share, a dividend will be implemented based on a payout ratio of 30% or a standard of 50 yen per share, whichever is higher.

The reason for the change in dividend policy is due to the fact that the company completed the liquidation of its 100% consolidated subsidiary in March 2024, and is no longer a consolidated financial statement preparation company. Therefore, the policy has been changed to be linked to the company's individual performance and to clarify the expression of the dividend payout ratio. This change will be effective from the end of March 2024.

Based on this change in dividend policy, the year-end dividend will be 130 yen per share (the latest estimate is 112 yen per share). The cutoff date is March 31, 2024, and the effective date is June 28, 2024.