Dividend Information

Dividend Policy

Skymark identified conducting a stable dividend payment as one of the most important management goals. On the other hand, as a growing company, we consider that reinforcement of financial stability and soundness for future business growth, conduct of growth investments, and maximization of our overall corporate value while accelerating profit growth, are appropriate shareholder returns as well. We aim to balance all of such considerations when making distribution determinations.

After careful consideration on above factors, Skymark is conduct dividend payment from the fiscal year ended March 31, 2023.

Skymark will set payout ratio standard based on adjusted net income as c. 35% on an annual bases for future shareholder returns. We may consider to conduct additional shareholder returns flexibly according to the achievement status of financial soundness target (at capital ratio of c. 40%).

※ Adjusted net income ： Income before income taxes ×（1－ Effective tax rate 34.59%）

Dividend History Per Share

		FY2022	FY2023 （Forecast）
Dividend Per Share (yen)	Interim Dividend （Q2）	0.00	0.00
	Year-end Dividend	5.00	21.00
	Total Dividend	5.00	21.00
Total Amount of Dividends for the Year / Period （Millions of Yen）		301	－
Payout Ratio（%）※		18.4	35.0
Dividend Payment Date		June 28, 2023	－

※Payout ratio is based on an annual bases, calculated by adjusted net income in order to align with our dividend policy for convenience