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Dividends3962CHANGE Holdings,Inc.Information and Communications, Services and Others

Notice Regarding Dividend of Surplus

The year-end dividend for the fiscal year ending March 2026 has been set at ¥23 per share. This is in line with the latest dividend forecast and represents an increase of ¥2.10 from ¥20.90 per share in the previous fiscal year.

Worth reading
72In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.
Direction
Improvement
Direction inferred from the company’s description.
Scale
2.1
¥ per share
Wording
Definitive
How definitive the wording is.

Dividend per share

Fiscal year ending March 2026
23YenRevised annual dividend per sharePrevious forecast ¥23, change ¥0(0.0%)
Previous-period resultsPrevious forecastAfter revision

Each vertical step represents one dividend payment, and the total height of the accumulated steps represents the annual dividend for the period. For periods showing only the annual amount, the payment breakdown is not provided, so only the end point is plotted.

Total dividendsTotal amount payable to all shareholders¥1,454 million→¥1.6 billion
Whether Submission to the General Meeting of Shareholders Is RequiredBoard of directors resolution only
Record date31 March 2026
Effective date10 June 2026

The record date is the cutoff date for determining which persons listed in the shareholder register on that date are entitled to receive dividends.Payments begin on the effective date.

Payout ratioDividend policy floor of 15% (actual figure for this dividend: not disclosed)The percentage of earnings paid out as dividends.
Source of dividendsRetained earningsThe source of dividend payments. Depending on the type of surplus, the dividend may be paid from earned profits or may be closer to a return of capital.
Breakdown of Regular, Commemorative and Special DividendsRegular dividend ¥23.00 / Commemorative dividend Not disclosed / Special dividend Not disclosed
Dividend policy

Specifically, the dividend policy sets a DOE of 3.6% and a dividend payout ratio floor of 15%.

Dividend per share
ItemDetails
Dividend per share¥23.00 → ¥23.00(0%)
Total Annual DividendsNot disclosed → ¥23.00
Previous-period results (per share)Interim Not disclosed / End of period ¥20.90 / Annual ¥20.90
Total dividends¥1,454 million → ¥1.6 billion
Record date31 March 2026
Effective date10 June 2026
Source of dividendsRetained earnings
Breakdown of Regular, Commemorative and Special DividendsRegular dividend ¥23.00 / Commemorative dividend Not disclosed / Special dividend Not disclosed
Payout ratioDividend policy floor of 15% (actual figure for this dividend: not disclosed)
Dividend policySpecifically, the dividend policy sets a DOE of 3.6% and a dividend payout ratio floor of 15%.
Whether Submission to the General Meeting of Shareholders Is RequiredBoard of directors resolution only
Fiscal Period CoveredFiscal year ending March 2026

The reasons the company gives

The company's own explanation, not something inferred from the numbers.

This is based on a dividend policy that treats goodwill and intangible assets as risk assets and balances investment and shareholder returns based on shareholders’ equity. Specifically, the policy sets a DOE of 3.6% and a dividend payout ratio floor of 15%, and the year-end dividend has been set at a level corresponding to a DOE of 3.6%.

How to read this page

This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.
Notice Regarding Dividend of Surplus | CHANGE Holdings,Inc. (3962) timely disclosure | Komori