Lacto Japan Co., Ltd. Revises Dividend Guidance for the Full Year Ending November 30, 2024
July 12, 2024 at 02:30 am EDT
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Lacto Japan Co., Ltd. revised dividend guidance for the fiscal year ending November 30, 2024. For the year the company expects to pay dividend of JPY 45.00 per share against pervious guidance of JPY 31.00 per share paid a year ago. Reasons for revision: Lacto Japan considers the proper distribution of profits to shareholders as one of the most
important management issues. Regarding dividends from surplus, basic policy is to increase dividend payout ratio while securing the necessary internal reserves for business
development and strengthening the management base for future growth. Based on the above policy and revisions to the full-year earnings forecast, have revised the previously announced dividend forecast for the current fiscal year.
Lacto Japan Co., Ltd. is a Japan-based company principally engaged in the food business. The Company is engaged in the wholesale of milk raw materials and cheese, processed meat products, and the manufacturing and sale of cheese through foreign subsidiaries.