■Shareholder return policy
Delica Foods Holdings ＜3392＞ has introduced dividends and shareholder benefit programs as shareholder return measures. Regarding dividends, the basic policy is to carry out continuous and stable dividends while strengthening profitability to secure dividend capital, and in the past, the dividend payout ratio was about 20% as a guideline, but since large-scale investments have also been made, the policy is to maintain progressive dividends using a dividend ratio of about 30% as a guide from the fiscal year ending 2025/3 onwards. The dividend per share for the fiscal year ending 2024/3 was 12.0 yen (dividend ratio 19.3%), which is an increase of 4.0 yen compared to the previous fiscal year, including the commemorative dividend for the 20th anniversary of the company's founding. Also, although commemorative dividends will drop in the 2025/3 fiscal year, the same amount as the previous fiscal year is expected to be 12.0 yen (30.1%). If profit growth continues in the future, dividends can be expected to increase. Also, in the phase after investment recovery, treasury stock repurchases will also be examined flexibly.
Regarding shareholder benefits, each year at the end of September, original fruit and vegetable boxes of the “fruit and fruit” brand or equivalent Quo cards are presented to shareholders at the end of September (only Quocard when 200 shares or more and less than 400 shares), and separate preferential treatment details are added to long-term shareholders (holding 2,000 shares or more continuously for 3 years or more).
(Author: FISCO Visiting Analyst Joe Sato)