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
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.
Dividends per share for current fiscal year ending May 31, 2021 has been revised in line with the upward revision of the full-year earnings forecast released on April 13, 2021.
Past Records of Dividends per Share
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.