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Dividends

Dividend Policy

In connection with the appropriation of profits, the Company takes into consideration the funds required to engage in new businesses and capital investments aimed at fulfilling the Company's responsibilities to continuously develop the human resources business market, to strengthen the Company's operating platform and earnings capacity and to expand shareholders’ returns by enhancing corporate value. On this basis and for the foreseeable future, the Company has adopted the basic policy to pursue a consolidated dividend payout ratio target of 30% in an effort to continuously deliver adequate and stable returns to shareholders taking into consideration its operating performance.

The Company's articles of incorporation stipulate that retained earnings can be distributed as dividends pursuant to the resolution of the board of directors.

Dividends per share for Current Fiscal Year

* Special Dividends

As stated in the "Resolution to Pay Special Dividends and Revision of Dividend Forecast for the Fiscal Year Ending May 2024" released on April 12, 2024, Pasona Group Inc. will pay a special dividend of 60 yen per share over five years from the fiscal year ending May 2024 to the fiscal year ending May 2028 as a measure to increase shareholder returns associated with the extraordinary profit generated from the sale of shares of consolidated subsidiaries.
For more information, please see the "Resolution to Pay Special Dividends and Revision of Dividend Forecast for the Fiscal Year Ending May 2024" published on April 12, 2024.

(yen)

  Interim Year-end Annual Payout Ratio (consolidated)
Fiscal year ending May 31, 2024 - 75
(Ordinary dividend) 15
(Special dividend) 60
75
(Ordinary dividend) 15
(Special dividend) 60
-

(As of April,2024)

The Company implemented a 1:100 stock split on its common stock with an effective date of December 1, 2013, at the same time, adopted a unit share system that set unit share at 100 shares.

Past Records of Dividends per Share

(yen)

  Interim Year-end Annual Payout Ratio (consolidated)
Fiscal year ended May 31, 2023 - 35 35 22.5%
Fiscal year ended May 31, 2022 - 35 35 15.9%
Fiscal year ended May 31, 2021 - 30 30 17.3%
Fiscal year ended May 31, 2020 - 19 19 124.9%
Fiscal year ended May 31, 2019 - 18 18 35.6%
Fiscal year ended May 31, 2018 - 13 13 37.2%
Fiscal year ended May 31, 2017 - 12 12 -
Fiscal year ended May 31, 2016 - 12 12 181.3%
Fiscal year ended May 31, 2015 - 12 12 206.3%
Fiscal year ended May 31, 2014 - 10 10 71.2%
Fiscal year ended May 31, 2013 - 1,000 1,000 61.3%
Fiscal year ended May 31, 2012 - 1,000 1,000 1,269.4%
Fiscal year ended May 31, 2011 - 1,000 1,000 90.8%
Fiscal year ended May 31, 2010 - 500 500 88.5%
Fiscal year ended May 31, 2009 600 650 1,250 149.8%
Fiscal year ended May 31, 2008 1,200 1,300 2,500 35.2%
Fiscal year ended May 31, 2007 1,000 1,000 2,000 20.0%

Cash dividends were paid by Pasona Inc. until an interim cash dividend for the fiscal year ended May 31, 2008. Since a year-end dividend for the fiscal year ended May 31, 2008, dividends were paid by Pasona Group Inc.