また、同社は株主優待制度を導入している。株主優待基準日（毎年3月31日）の株主に対して、保有株式数・保有期間に応じて「優待ポイント」を進呈し、優待商品と交換できる仕組みである。2024年3月期の実績としては、1) 同社グループの取扱商品、2) グループ直営店で利用できる優待割引券、3) 指定のオンラインショップで利用できる優待割引クーポン、4) オリジナルQUOカード、5) 指定の社会貢献活動への寄付、から希望のものに交換できる。■Shareholder return policy
Sanei Corporation (8119) revised its policy on determining dividends etc. from surplus funds in 2024/5. Under the new policy, appropriate return of profits to shareholders who have ties with the company was positioned as one of the important management issues under the “idea of companionship,” which is the corporate philosophy. Regarding profit allocation, financial conditions, future performance trends, capital requirements, etc. are comprehensively judged and decided based on the implementation of appropriate investments, including investment in human capital, to contribute to the realization of sustainable growth and medium- to long-term corporate value improvement, as well as maintaining and strengthening the management base through internal reserves to prepare for future business development and unforeseen situations. As for dividends, interim dividends and year-end dividends are basically paid twice a year, and they are implemented with a dividend payout ratio of 30 to 50%. The current situation is responding to profit generation, and since the possibility of an increase in dividend payout ratio has emerged due to the new policy, it can be expected that the pace of dividend increase will increase. Furthermore, in order to create an environment where it is easy to invest and expand the investor base, the company carried out a stock split at a ratio of 4 shares per common share, using 2024/10/1 as the effective date.
For the fiscal year ending 2025/3, the annual dividend will be 29.0 yen (10.0 yen in the interim, 19.0 yen at the end of the fiscal year, 9.0 yen increase from the previous fiscal year), and a drastic increase in dividends is planned from 20.0 yen per year, which is predicted at the beginning of the fiscal year (the amount before the stock split is converted to the figure after the split). The dividend payout ratio is expected to be 30.5%.
Also, the company has introduced a shareholder benefit program. It is a system where “preferential points” are presented to shareholders on the shareholder benefit reference date (3/31 every year) according to the number of shares held and the holding period, and can be exchanged for preferential products. As a result for the fiscal year ending 2024/3, 1) products handled by the Group, 2) preferential discount coupons that can be used at group directly managed stores, 3) preferential discount coupons that can be used at designated online shops, 4) original QUO cards, and 5) donations to designated social contribution activities can be exchanged for desired ones.
(Written by FISCO Visiting Analyst Hideo Kakuta)