■Shareholder return policy
● Shareholder return policy
As a shareholder return, Miroku Information Service ＜9928＞ has had a basic policy of continuing stable dividends over the long term with a dividend payout ratio level of 30%, but in the medium-term management plan, they raised the dividend payout ratio guideline to 30-40%, and indicated a policy to implement progressive dividends in response to profit growth. The dividend per share for the fiscal year ending 2024/3 was 50.0 yen (dividend payout ratio 35.3%), an increase of 5.0 yen from the previous fiscal year, partly due to steady changes in business performance. For the fiscal year ending 2025/3, dividends are scheduled to increase by 5.0 yen to 55.0 yen (same 37.1%) for the second consecutive term. Furthermore, in order to improve capital efficiency, the company has indicated its intention to flexibly implement treasury stock acquisitions while considering stock price levels, etc. Recently, the share treasury ratio has reached 14.0% of the number of issued shares, but a share system with transfer restrictions to directors has been introduced, and in the future, granting stock options to employees and M&A through stock exchanges can be considered as options for utilizing treasury shares.
(Author: FISCO Visiting Analyst Joe Sato)