On the 12th, AD Works Group <2982> announced a change in its dividend policy and a revision to its estimated year-end dividends for the fiscal year ending December 2024.
The dividend policy will be changed to clarify profit redistribution measures and make it easier to estimate the expected return rate of the company's Stocks.
The dividend policy stipulates that the total amount of dividends divided by the 'Net income attributable to the parent company' in the full-year performance plan will not exceed 50%, and the dividend yield (annual dividends per share divided by the average monthly closing price from January to December) will be set to be at least 4%. This dividend policy, which is based on stock prices rather than profits or net assets, is unique to the company and is likely to attract attention.
This will take effect from the fiscal year ending December 2024.
Additionally, the revision of the dividend forecast reflects the stable business conditions in the third quarter and the changes made to the dividend policy, which has been revised from 4.5 yen per share announced previously (on August 8, 2024) to an increased 5.5 yen. Consequently, the annual dividend per share will be 10.0 yen.