CCBJH sets its basic policy regarding dividends, which includes active redistribution of profits while placing the highest priority on paying dividends in a stable manner, by comprehensively reviewing the Company’s business performance and level of retained earnings. In addition, the Company has set a payout ratio target of 30% or more for net profit attributable to owners of the parent. Which the company pays interim and year-end dividends.
With regards to the dividends for the fiscal year ending December 2021, the Company plans to pay 25 yen per share as the yearend dividend, which as a result, will make the total amount of dividends in FY2021 reach 50 yen per share when combined with 25 yen per share already paid as the interim dividend. Despite of the slow recovery of consumer traffic due to the ongoing risks of COVID-19 and the adverse impact of unseasonable weather in August on business activities during the peak season, the Company has been able to maintain a robust financial foundation through various approaches including consistent cost reduction efforts continuing from last year, carefully planned capital expenditures considering the uncertainties of the business environment and selling of assets. While the tough business environment remains unchanged from the previous fiscal year (ending December 2020), the Company intends to follow through its basic policy of paying dividends stably by putting the aforesaid dividend scheme into action as a plan.
As per the forecast of the dividends for the fiscal year ending December 2022, the Company seeks to maintain its basic policy of stable dividend payment by setting the same amount as in FY 2021 (annual total of 50 yen per share consisting of 25 yen per share paid as interim dividend and another 25 yen per share as year-end dividend).