■Shareholder returns

Japan BS Broadcasting ＜9414＞ aims to enhance internal reserves and strengthen its financial position that can respond to recent changes in the business environment surrounding the industry and intensifying competition with the internet, in light of the high public nature of BS digital broadcasters, and at the same time, has set a basic policy of continuously implementing stable profit dividends according to business performance. Under this policy, the dividend per share for the fiscal year ending 2023/8 was a year-end dividend of 26 yen, an increase of 6 yen from the previous fiscal year, as predicted at the beginning of the fiscal year.

In the financial results for the fiscal year ending 2023/8, the equity ratio rose 2.3 points from the previous fiscal year to 91.2%, and since cash and deposits were secured at 13,599 million yen, etc., the company determined that a certain degree of strengthening of its financial position was realized, and it was decided to expand shareholder returns based on a dividend ratio of 40% from the 2024/8 fiscal year. The dividend amount per share for the 2024/8 fiscal year is scheduled to increase by 4 yen from the previous fiscal year to 30 yen. The dividend payout ratio was 40.5%, which raised the level from 33.4% in the previous fiscal year.

Furthermore, with regard to IR activities, the company will further develop systems and means related to information disclosure, and enhance communication with shareholders and investors. In the 2024/8 fiscal year, interim financial results briefings and main financial results briefings will be held, and information for securities companies, institutional investors, and individual investors will be actively disclosed. Furthermore, opinions obtained through dialogue with investors are regularly reported to the Board of Directors, and measures are reviewed as appropriate.

(Author: FISCO Analyst Tomokazu Murase)