Shareholder return The dividend policy of NEC Capital Solution <8793> is based on maintaining stable dividends, while securing internal reserves necessary for investment in growth strategies and strengthening financial health, and reviewing appropriate dividend levels taking into account market trends and performance fluctuations. For the dividend of the 2024 fiscal year, a dividend of 130 yen per share (including an interim dividend of 65 yen) with a 20 yen increase compared to the previous fiscal year will be implemented. Regarding the dividend for the fiscal year ending March 2025, the company plans to pay a dividend of 150 yen per share (including an interim dividend of 75 yen) with a 20 yen increase compared to the dividend in the fiscal year ending March 2024, taking into account the profit forecast. The company plans to reward shareholders in accordance with the dividend policy, as it plans to achieve the highest profit on the profit side as a profit forecast. As a result, the company's dividend payout ratio reaches 40.4%. The actual PBR (price-to-book ratio) is in the 0.7x range and is below the PBR 1.0x that the Tokyo Stock Exchange is requesting improvement. Therefore, we believe that the company will actively pursue initiatives to strengthen shareholder return policies along with profit growth in the future, and the trend of increased dividends will continue.
In addition, the company offers an online catalog gift as a shareholder benefit program. It is implemented for shareholders who hold 100 or more shares recorded in the final shareholder registry at the end of March every year, with the amount of the online catalog gift varying depending on the number of shares held and the holding period. Shareholders holding 100 or more but less than 500 shares will receive a gift certificate worth 2,000 yen if the holding period is less than one year, and a gift certificate worth 3,000 yen if it is one year or more. Shareholders who hold 500 or more shares will receive a gift certificate worth 10,000 yen if the holding period is less than one year, and a gift certificate worth 15,000 yen if it is one year or more.
If a shareholder declines the benefit in advance, the company will donate the amount equivalent to the benefit to charity. For the fiscal year ending March 2024, the company made a donation to the Japan UNESCO Association Federation's 'Tohoku Earthquake Children's Support Fund UNESCO Association Scholarships'.
In addition, if you request to decline the preferential goods in advance, the company will donate an amount equivalent to the preferential goods. For the fiscal year ending March 2024, the company donated to the UNESCO Association School Support Scholarship for Children Affected by the Great East Japan Earthquake.
(Writer: FISCO analyst Tomoichi Murase)