■Shareholder return policy

C&G Systems ＜6633＞ has an annual dividend of 10.0 yen as a shareholder return policy. Regarding dividends, the management team has stated that “we will actively implement advance investment and shareholder return measures aimed at developing new businesses without easily withholding profits obtained.” The dividend payout ratio is based on “performance linkage,” but stable shareholder returns are carried out using a dividend payout ratio of 40% as a guide.

Dividends were increased to 13.0 yen per year for the fiscal year ending 2022/12 (10.0 yen for the fiscal year ending 2021/12), but in the 2023/12 fiscal year, due to sluggish performance, annual dividends of 10.0 yen were made. An annual dividend of 10.0 yen (dividend payout ratio 49.2%) is currently scheduled for the 2024/12 fiscal year, which is currently underway, but since it is performance-linked, if the expected performance rises or falls, there is still a possibility that dividends will increase or decrease.

(Written by FISCO Visiting Analyst Noboru Terashima)