Colowide's shareholder benefit program issues points worth ¥40,000 annually to shareholders holding 500 shares or more, which can be used at Colowide Group restaurants. The key conditions, including the issue schedule and expiration dates, are summarized below.
Colowide's shareholder benefit program issues points that can be used at Group restaurants to shareholders holding 500 shares or more, based on each record date. For shareholders of record as of the end of September, the points are issued in December and March of the following year, while for shareholders of record as of the end of March, they are issued in June and September. Points worth ¥10,000 are granted on each occasion, allowing shareholders to receive points worth ¥40,000 in total over one year.
The shareholder benefit points have expiration dates. As a general rule, points issued in March expire at the end of the following March, points issued in June at the end of the following June, points issued in September at the end of the following September, and points issued in December at the end of the following December. The total yield, including dividends, is expected to be approximately 4.25%.
The shareholder benefits can be used at numerous restaurants, including Kappa Sushi, although some locations do not accept them. The eligible and ineligible stores should be checked in advance. The points can also be exchanged for products other than restaurant services, with 11 products, including Miyanotare sauce, available for exchange.
There are occasional rumors that the shareholder benefit program may be discontinued, but explanations indicate that it has not been discontinued as of the present time. Colowide's food-service business has grown through M&A, and the outlook for future performance and developments in new businesses are cited as points to watch.