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Higashi 21 - Acquired all shares of Neocompetence, completed subsidiary transformation.
On the 25th, Higashi Twenty-One <9029> announced that they have completed the acquisition of all shares of Neo Competence, as disclosed in their "Notice of Subsidiary Acquisition (Transfer)" dated the 14th, and has made it a subsidiary. Neo Competence is located in Chiyoda-ku, Tokyo, and engages in temporary staffing services. In conjunction with the acquisition of the shares, Mr. Kojima, representative executive officer and president of Higashi 21, and Mr. Tsudo, senior executive officer, will be appointed as directors of Neo Competence.
Higashi Twenty One: Extraordinary Report
Higashi 21 Research Memo (11): Aim for a consolidated dividend payout ratio of 30% or higher for profit distribution.
■ Higashi Twenty-One <9029>'s Growth Strategy 3. Shareholder Return Policy: Shareholder returns are based on the maintenance of a strong financial structure that serves as the foundation for long-term development and stable dividends, while also aiming to return profits acquired through growth with a targeted consolidated dividend payout ratio of 30% or higher. In accordance with this policy, the dividend for the fiscal year ending March 2024 was set at 36.0 yen (end of term lump sum), a 6.0 yen increase from the previous fiscal year. The dividend payout ratio is 31.4%. The dividend for the fiscal year ending March 2025 is set at 38.0 yen, a 2.0 yen increase from the previous fiscal year.
Higashi 21 Research Memo (9): Upward revision of target values for Mid-term Management Plan 2026.
■ Growth Strategy 1. Upside revision of target values for Mid-term Management Plan 2026. Higashi Twenty One <9029> raised the Long-term Management Vision "Higashi 21 Group VISION 2030" formulated in July 2020 as its target to continue to reform as a company that delivers the best service to customers. In the mid-term management plan 2026 (fiscal year ending March 2024 to fiscal year ending March 2026) formulated in May 2023, Gainianbankuai is "3 years to leap forward while using growth as fuel" as the theme, and the target values are
Higashi21 Research Memo (7): The March 2024 period will have a significant increase in both revenue and profit, reaching an all-time high.
Performance Trend: 1. An overview of consolidated business performance for March 2024. The consolidated business performance of Higashi Twenty-One Co., Ltd. (<9029>) for the March 2024 period was JPY 40,635 million, an increase of 16.7% compared to the previous year, operating profit was JPY 2,190 million, an increase of 14.8% YoY, ordinary profit was JPY 2,309 million, an increase of 14.0%, and the net income attributable to shareholders in the parent company was JPY 1,506 million, an increase of 18.8% YoY. It was generally higher than the upward revised financial estimates of October 27, 2023, with revenue of JPY 40,000 million and operating profit.
Higashi 21 Research Memo (5): Promoting initiatives for growth in all business areas.
■Business Overview 3. Overview of Business Areas Higashi Twenty-One <9029> has established its own business area classification that is different from the report segment classification, and is promoting initiatives for growth in all business areas. The business area classification includes office services (office relocation, office layout changes, and company-wide relocation), 3PL (material purchase, storage, material processing, and delivery for the Kansai Electric Power Group, incoming goods for Amazon Japan and major industrial machinery manufacturers, etc.).
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