Hanwa : Notice Concerning Dividends of Surplus (Increased)
May 10, 2024 at 12:05 am EDT
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Date: May 10, 2024
Contact:
Executive Officer
Yasuhiko Watanabe
Tel: +81-3-3544-2000
Notice Concerning Dividends of Surplus (Increased)
Hanwa Co., Ltd. ("Hanwa") hereby announces that the Board of Directors meeting held on May 10, 2024 resolved to pay dividends with a record date of March 31, 2024, as follows;
1. Contents of dividends
Latest dividend
Results for FY2022
Resolved
forecasts (announced
(ended March 31, 2023)
on May 12, 2023)
Record date
March 31, 2024
March 31, 2024
March 31, 2023
Dividend per share
100.00
85.00
80.00
(yen)
Total amount of
dividends
4,066
-
3,250
(millions of yen)
Effective date
June 27, 2024
-
June 26, 2023
Source of dividends
Retained earnings
-
Retained earnings
2. Reason
Hanwa considers sustainable return to shareholders to be one of its most important policies. We have always made consistent distribution of stable dividends to shareholders our primary policy. We dedicate to sustainable growth of our corporate value, aiming increase dividend amount over the medium to long term. We also make efforts to further develop Hanwa group by measures such as making effective use of retained surplus, to strengthen our management foundation and to invest in growth and new businesses.
Hanwa adopts the dividend on equity ratio (DOE) during the period of the "Medium-Term Management Plan 2025". DOE indicates the dividend level according to shareholders' equity, aiming for stable and progressive dividends that are not easily affected by single-year performance. In addition to setting DOE of 2.5% as the minimum dividend level for consolidated shareholders' equity at the beginning of the fiscal year, we will flexibly consider additional shareholder returns such as the acquisition of treasury stock.
For FY2023, comprehensively considering the business results and financial condition, we will pay the year- end dividend of 100 yen per share, increasing of 15 yen from the latest dividend forecasts. Combined with the interim dividend of 85 yen per share already paid, the annual dividend per share will be 185 yen.
This resolution is subject to approval at the 77th Ordinary General Meeting of Shareholders, scheduled to be held on June 26, 2024.
(Reference) Breakdown of annual dividends
Cash dividends per share (yen)
Record date
Interim
Year-end
Annual
Revised forecasts
100.00
185.00
Results for FY2023
85.00
Results for FY2022
50.00
80.00
130.00
(ended March 31, 2023)
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Disclaimer
Hanwa Co. Ltd. published this content on
10 May 2024 and is solely responsible for the information contained therein. Distributed by
Public, unedited and unaltered, on
10 May 2024 04:04:06 UTC.
HANWA CO., LTD. is a Japan-based company mainly engaged in the sale of steel metal raw materials, non-ferrous metals, foods, petroleum and chemical products, wood and machinery. The Company operates through six business segments. The Steel business is engaged in the provision of steel bars, construction works, steel plates, special steels, wires, steel pipes, and scrap iron. It is also engaged in the metal processing and storage. The Metal Raw Materials business is engaged in the provision of nickel, chromium, silicon, manganese, and ferroalloys. The Overseas Sales Subsidiary business is engaged in the sale of products at major overseas bases. The Petroleum and Chemicals business is engaged in the sale of petroleum products, industrial chemicals, chemicals and waste fuels. The Food business provides seafood and livestock products. The Nonferrous Metals business supplies aluminum, copper and zinc, and conducts recycling business. It also manages and operates amusement facilities.
HANWA CO., LTD. 
