■Shareholder return policy
Apple International (2788) recognizes return of profits to shareholders as an important management issue while strengthening its management base. The basic policy is to pay attention to the continuation and maintenance of stable dividends, and to endeavor to return profits after comprehensively considering business plans, financial conditions, performance, return on shareholders' equity, dividend payout ratio, etc.
Based on this policy, the dividend per share was 5.0 yen per year for 3 consecutive terms until the 2022/12 fiscal year. The company's dividend is the year-end dividend once a year. In the fiscal year ending 2023/12, the outlook for securing products was uncertain due to unstable supply from automobile manufacturers, so the initial forecast anticipated a 25.9% decrease in sales compared to the previous fiscal year, and net income attributable to parent company shareholders was predicted to decrease 67.2%, and the annual dividend was 5.0 yen per share on par with the previous fiscal year. The full-year forecast was increased and revised during the period, and since actual results also greatly exceeded the initial forecast, dividends per share were 10.0 yen for a normal dividend and 5.0 yen for a total of 15.0 yen, with a dividend ratio of 19.2%. For the fiscal year ending 2024/12, the dividend per share is 10.0 yen per year with a normal dividend, assuming a 4.4% decrease in sales from the previous fiscal year and a 22.4% decrease in net income attributable to parent company shareholders, the dividend per share is 10.0 yen per year with a dividend ratio of 16.4%. The standard annual ordinary dividend per share was raised from 5.0 yen previously to 10.0 yen, but we aim to increase dividends by raising performance that exceeds initial forecasts similar to the previous fiscal year.
(Written by FISCO Guest Analyst Ken Segawa)