Kajima Corporation (the "Company"), at the Board of Directors' Meeting held today, adopted a resolution on the submission of the proposal for the dividend of surplus with the record date of March 31, 2024 to the 127th Ordinary Stockholders' Meeting of the Company to be held on June 25, 2024.
1. Details of dividends
Most recent dividend
Previous fiscal year
Determined amount
forecast (announced on
ended March 31,
February 13, 2024)
2023
Record date
March 31, 2024
March 31, 2024
March 31, 2023
Dividend per share
JPY 55.00
JPY 35.00
JPY 41.00
Total dividends
JPY 26,643 million
-
JPY 19,968 million
Effective date
June 26, 2024
-
June 29, 2023
Source of dividends
Retained earnings
-
Retained earnings
2. Reason
The Company's basic policy is to allocate profits taking account of balance between growth investment and stockholder returns, with the aim of achieving sustainable growth and increasing corporate value, while maintaining financial soundness. Regarding dividends, the Company plans to pay dividends with a target payout ratio of 40%, as well as to flexibly contribute to stockholder returns by acquiring own shares and other means with consideration of business performance, financial condition and business environment.
In consideration of the aforementioned policy, and in light of the Company's business performance of the fiscal year ended March 31, 2024, the Company proposes a year-end dividend of JPY 55.00 per share. Accordingly, the annual dividend will be JPY 90.00 per share including the interim (end of second quarter) dividend of JPY 35.00 (the consolidated dividend payout ratio will be 37.7%).
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(Reference) Breakdown of annual dividends
Dividends per share
Record date
End of second quarter
Year-end
Total
Fiscal year ended
JPY 35.00
JPY 55.00
JPY 90.00
March 31, 2024
Fiscal year ended
JPY 29.00
JPY 41.00
JPY 70.00
March 31, 2023
Disclaimer: This document is an English translation of the announcement titled "Announcement of Dividend of Surplus" which is filed with Stock Exchanges in Japan on May 14, 2024. The Company provides this translation for your reference and convenience only without any warranty as to its accuracy. In case of any discrepancy between the translation and the Japanese original, the latter shall prevail.
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Kajima Corporation published this content on
14 May 2024 and is solely responsible for the information contained therein. Distributed by
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Kajima Corporation is one of the Japanese buildings and public engineering works groups. Net sales break down by activity as follows:
- construction of civil engineering and buildings infrastructures (86.4%): roads, highways, bridges, power plants, industrial sites, housings, offices, etc.;
- real estate development (13.6%).
Japan accounts for 70% of net sales.
KAJIMA CORPORATION 
