Ki Star Real Estate : ［Delayed］Notice Concerning Dividends of Surplus
June 04, 2021 at 02:03 am EDT
Share
May 14, 2021
To whom it may concern:
Company name: KI-STAR REAL ESTATE CO., LTD. Representative: Keiji Hanawa, President and CEO
(Securities code: 3465;
Tokyo Stock Exchange, First Section) Contact: Osamu Matsuzawa, Executive Officer,
General Manager of Administration Division
(Tel: +81-(0)495-27-2525)
Notice Concerning Dividends of Surplus
KI-STAR REAL ESTATE CO., LTD. ("the Company") hereby announces that it has resolved, at a meeting of the Board of Directors held today, to submit a proposal to the 31st Annual General Meeting of Shareholders to be held on June 25, 2021, to pay dividends of surplus with a record date of March 31, 2021. The details are described below.
1. Details of dividend
Most recent dividend
Actual results for the
Determined amount
forecast
previous fiscal year
(Announced on February
(Fiscal year ended March
9, 2021)
31, 2020)
Record date
March 31, 2021
Same as at left
March 31, 2020
Dividend per share
95.00 yen
95.00 yen
34.00 yen
Total amount of
1,352 million yen
-
483 million yen
dividends
Effective date
June 26, 2021
-
June 26, 2020
Source of dividends
Retained earnings
-
Retained earnings
2. Reason
The Company's basic policy on dividends from retained earnings is to aim for a consolidated annual payout ratio of 30% based on consolidated profits and losses, except in the case of exceptional profits and losses. As stated in the "Notice of Revisions to Consolidated Forecast and Dividend Forecast (Dividend Increase)" announced on February 9, 2021, the Company has decided to pay a year-end dividend of 95 yen per share based on the financial results for the current fiscal year. As a result, total annual dividends will be 139 yen per share.
(Reference) Breakdown of annual dividends
Dividend per share
Record date
Second quarter-end
Year-end
Annual
Actual results for the current
44.00 yen
95.00 yen
139.00 yen
fiscal year
Actual results for the previous
fiscal year (Fiscal year ended
42.00 yen
34.00 yen
76.00 yen
March 31, 2020)
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Ki-Star Real Estate Co. Ltd. published this content on 04 June 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 04 June 2021 06:02:09 UTC.
KI-STAR REAL ESTATE CO.,LTD is a Japan-based company principally engaged in real estate business. The Company mainly operates in seven segments. The Land and Housing segment provides services such as sale of condominiums and additional construction related to condominiums. The Custom-built Housing segment provides services such as sale of custom homes and additional construction related to custom homes. The Used Housing segment is engaged in the sale of used houses. The Yoka Town segment is engaged in the sale of condominiums, custom houses and land in Fukuoka. The Asahi Housing segment is engaged in the sale of condominiums and land in Kanagawa. The Fresco segment is engaged the sale of condominiums and custom homes and land in Chiba. The Construction and Renovation segment is engaged in sale of condominiums, custom-built houses and land, and civil engineering construction in Kanagawa. The Company is also engaged in real estate leasing and real estate brokerage business.
KI-STAR REAL ESTATE CO.,LTD 
